Fix & Flip and BRRR in the Scranton area

[Abraham Berkowitz]

Hi dear friends!

I started investing in rental properties in the Scranton area around  6 months ago, and I also just started doing Fix & Flips in the surrounding areas Olyphant, and Taylor, Old Forge.

 and I would love to ask if you are doing in this area please share your success stories in that area, I am really curious if people have seen success in this cheap market, and let's help each other with info,  I would love to hear from you, and help you with the knowledge that I gathered in this 6 months.

Thank you  I would love to hear from you.

[Bryan Stengel]

Hi Abraham, I have definitely had some success.  I did my first long-term holds in Scranton after much research and have enjoyed a steady cash flow.  I am currently invested close the Marywood University where I do have a combination of family and student tenants.  I would say it's been a learning experience so far.  

[Robert B.]

I looked at properties in those areas, as well as farther south in Lansford and Nesquehoning. Scranton seemed to slightly cash flow but the rent in those other areas did not seem to support the investment.

[Tanarat Bunchom]

Quote from @Abraham Berkowitz:

Hi dear friends!

I started investing in rental properties in the Scranton area around  6 months ago, and I also just started doing Fix & Flips in the surrounding areas Olyphant, and Taylor, Old Forge.

 and I would love to ask if you are doing in this area please share your success stories in that area, I am really curious if people have seen success in this cheap market, and let's help each other with info,  I would love to hear from you, and help you with the knowledge that I gathered in this 6 months.

Thank you  I would love to hear from you.

Sounds like you're off to a great start! Scranton and the surrounding areas definitely have potential, especially for affordable investments. I’ve seen some success with rentals in this market, especially with properties near universities or downtown. Fix & Flips can be profitable too, but the key is knowing the local buyer demand. Have you found certain neighborhoods performing better than others? Would love to exchange tips and learn more about your experiences!

[Bryan Stengel]

Hi Abraham, I have definitely had some success.  I did my first long-term holds in Scranton after much research and have enjoyed a steady cash flow.  I am currently invested close the Marywood University where I do have a combination of family and student tenants.  I would say it's been a learning experience so far.  

[Abraham Berkowitz]

Quote from @Robert B.:

I looked at properties in those areas, as well as farther south in Lansford and Nesquehoning. Scranton seemed to slightly cash flow but the rent in those other areas did not seem to support the investment.

Thank you Robert for your information, it's nice to hear that you didn't had a bad experience with Scranton.

[Abraham Berkowitz]

@Tanarat Bunchom

On my flips, I just got started in the Scranton area, and I don't have the experience, but I could see that the North Scranton area like Greenridge, and the surrounding areas like Taylor, Dunmore, Old Forge, Olyphant, ect are definitely desireble areas, for instance in Taylor I am finishing now a flip, and people are keeping to ask me if I wanna sell it before it's even on the market. 

And my rentals there are cash flowing nice, but it's taking some time to getting it occupied, and I also found out that I need to make sure that the tenant is paying for the water, because the water bills are really high over there.

I will keep you all posted along my journey, and I hope I could help you friends. Good luck 

[Abraham Berkowitz]

Quote from @Bryan Stengel:

Hi Abraham, I have definitely had some success.  I did my first long-term holds in Scranton after much research and have enjoyed a steady cash flow.  I am currently invested close the Marywood University where I do have a combination of family and student tenants.  I would say it's been a learning experience so far.  

@Bryan Stengel I am really happy for your success brother, let's share information to each other. Good luck.

[Zachary Deal]

A lot of investors utilize the BRRRR strategy in those markets as there is relatively high rents compared to the value of the properties!

[Abraham Berkowitz]

Quote from @Zachary Deal:

A lot of investors utilize the BRRRR strategy in those markets as there is relatively high rents compared to the value of the properties!

 Do you know any people who do flips in those markets?

[Zachary Deal]

Quote from @Abraham Berkowitz:

Quote from @Zachary Deal:

A lot of investors utilize the BRRRR strategy in those markets as there is relatively high rents compared to the value of the properties!

 Do you know any people who do flips in those markets?

 I recommend posting in the classified sections of BP or joining local FB groups to try and find local flippers in that market! 

[Janet Lancaster]

Quote from @Abraham Berkowitz:

Hi dear friends!

I started investing in rental properties in the Scranton area around  6 months ago, and I also just started doing Fix & Flips in the surrounding areas Olyphant, and Taylor, Old Forge.

 and I would love to ask if you are doing in this area please share your success stories in that area, I am really curious if people have seen success in this cheap market, and let's help each other with info,  I would love to hear from you, and help you with the knowledge that I gathered in this 6 months.

Thank you  I would love to hear from you.

Hey! Congrats on getting started in the Scranton area! I've seen some success in similar markets, especially with a good strategy for finding deals and managing costs. The key is really focusing on the right neighborhoods, knowing your numbers, and being patient for the right opportunities.

As for the fix-and-flip market, the lower entry costs can definitely make it a great place to start, but you've got to be mindful of renovation budgets and timelines. In my experience, it’s all about networking with local contractors and being flexible with your plans to stay ahead of any issues that come up.

Happy to exchange knowledge! Looking forward to hearing your tips and sharing what’s worked for me too.

[Abraham Berkowitz]

@Janet Lancaster Thank you soo much for sharing your experience and advice.

[Chris K.]

@Abraham Berkowitz

Welcome to BP! I don't live there anymore but I used to live there. Practiced as a lawyer and also had various investments. There is a good real estate professional group in the area that I think mainly communicate via Facebook. Shoot me a DM and happy to make the connections. 

Disclaimer: While I’m a licensed attorney, I’m not your attorney. What I wrote above does not create an attorney/client relationship between us. I wrote the above for informational purposes. Do not rely on it for legal advice. Always consult with your attorney before you rely on the above information.