How is Brookhaven for Rentals?

Question

I'm an out of state investor.  I was initially looking at buying a rental property near Pittsburgh, primarily because I was going to be able to do it all through Roofstock which was going to make the process a bit easier.  However I was looking at properties around Philadelphia and found one that looks like a really good deal in Brookhaven.  Can anyone let give me an idea of how that area is for rentals?  I looked at the crime/school stats for the area and it looks pretty good but just wanted to get a sense of what others think.

John Knisely · Answer

Brookhaven definitely has promise for buy and hold. Lot of folks I know focus on Hilltop condos and Cambridge Square, but there is also decent inventory outside of those spaces. Parkside borough can be tough with Inspections I have anecdotally heard, but Brookhaven itself I have not heard the same story.

There has been quite a bit of economic activity in Brookhaven with the newer shopping centers, Aldi etc. Still not great public transit options compared to the rest of Delaware county but overall not bad. A few nearby colleges help as well and definitely less retail homeowner competition than nearby Media and Aston in my opinion.

Eric Schwake · Answer

@Eddie Werner thanks I may send you a message.  I actually sent a realtor a message on Zillow about a couple of her properties I was interested in and haven't heard anything back from her.  Seems odd that she didn't get back to me right away but whatever.

Eddie Werner · Answer

If you want to talk more about Pittsburgh let me know.  I am an active buy and hold investor, agent, and property manager.  I can help you through the entire process.  Most of my porfolio is east of the city but I cover a hour radius of Pittsburgh.

Eric Schwake · Answer

Ok that sounds promising.  I'm honestly a tad more hesitant to buy this place since it's not on Roofstock.  Being that it would be my first rental property purchase I was hoping to have Roofstock sort of hold me by the hand through it.   However I'm planning on using cash so that should make the transaction a bit easier but I'll still need to find my own inspectors/insurance/PM etc. Might be worth it though.  I've heard Philly is on the short list for getting the new Amazon HQ. Of course there are no guarantees but if that happened I'm sure it would be a big deal for the area.