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Updated over 5 years ago on . Most recent reply

User Stats

72
Posts
31
Votes
Justin McElroy
  • Rental Property Investor
  • West New York, NJ
31
Votes |
72
Posts

Areas of Interest Around Philly

Justin McElroy
  • Rental Property Investor
  • West New York, NJ
Posted

Hi All,

I purchased my first house hack up in Hudson County, NJ last summer and now that this is all settled and I have some more cash saved up, I'm looking to invest again.  The market is not impossible, up here, but definitely competitive.

While I'm not ruling anything out up here, because it is a great area to be in due to its close vicinity to NYC, I would love to expand my network and search outside of the state.

I know the Philly market is hot (from what I hear at least), but I'm wondering if there are many opportunities in the surrounding towns/cities outside of Philly, on the PA side, that support multifamily investing (looking for 2+ unit properties).  

I want to plan a trip down there to check things out in the upcoming weeks and was hoping you guys would be nice enough to share a couple different neighborhoods that I should be looking into.  Would be great to connect while I'm down there as well if anyone is interested!

Thanks in advance - looking forward to exploring the area!

Justin

Most Popular Reply

User Stats

361
Posts
250
Votes
John Knisely
  • Real Estate Agent
  • Media, PA
250
Votes |
361
Posts
John Knisely
  • Real Estate Agent
  • Media, PA
Replied

@Justin McElroy our market as a whole is hot. Househacking is becoming very popular and some people are buying without fundamental cashflow analysis, pricing a lot of us sane individuals out! Not to say there aren't still opportunities, but it takes time. 

When you make your trip down here feel free reach out to me if you want to get together for coffee and discuss Delaware County investing with me.

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