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Updated about 6 years ago on . Most recent reply

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22
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Jonathan Rigg
  • Philadelphia, PA
7
Votes |
22
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What's the next upcoming area in Philadelphia for fix/flip deal?

Jonathan Rigg
  • Philadelphia, PA
Posted

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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167
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Zachary Paul
  • Real Estate Agent
  • Philadelphia, PA
64
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167
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Zachary Paul
  • Real Estate Agent
  • Philadelphia, PA
Replied

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!

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