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Updated almost 8 years ago,
REA referral for Philadelphia
Hi all, I've decided to invest in Philadelphia and am seeking out a real estate agent who would be interested in working together.
Buying criteria is below, if I can clarify or add anything please let me know!
- Property Type - 2-4 MF or SFH
- Neighborhood - From what I understand this varies street by street but I'm generally looking for a C+ to B. It seems like Brewerytown, Germantown, Olde Richmond, Strawberry Mansion and similar could be good fits.
- Price Point - around 120k, there's some flexibility here.
- Rehab - Cosmetic changes and light rehab is ok. I prefer to stay away from things that needs permits, HVAC, foundation or mold work, large CapEx expenses etc.
- Goal - looking for cash flow rather than appreciation.
I'm based out of NYC but am planning to take a trip down within the next few weeks to do the necessary neighborhood research. It would be great if we could meet in person at that time!
Edit: forgot to add that it would be great if the REA agent lists foreclosures.