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Updated about 6 years ago on . Most recent reply
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What's the next upcoming area in Philadelphia for fix/flip deal?
Hey,
What are the some areas in the Philadelphia and surrounding areas that are better for fix/flip currently? Or should I look elsewhere. I know areas like Point Breeze and Brewerytown are super saturated these days. Thanks
Most Popular Reply
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Consider these following neighborhoods...but at the same time, there are a lot of macro economic factors that could derail their status...also my biggest advice is to always plan conservatively on your ARV and Comps:
- Port Richmond
- Kensington
- Mantua
- Fishtown (almost saturated, hard to find deals)
Fringe Up + Coming Neighborhoods:
- South South Philly
- Strawberry Mansion
- Norristown (suburb)
Again I would stress it is so important to look at every property on a case by case basis...you make the majority of your money with your purchase price and reverse engineering the after repair value.
As a real estate agent in the region with a lot of investing experience, feel free to reach out with questions.
Best of Luck!