Port Richmond and Point Breeze Neighborhoods

[Maneesh Joshi]

Hi All,

I live in NYC and I am thinking of buying a rental property in Philadelphia and have narrowed down my search in the Port Richmond and Point Breeze neighborhoods. Both areas seems to have pretty decent rental returns and from what I can see have the opportunity to appreciate in the long run. Since this will be my first property I have been looking at totally rehabbed homes.

I wanted to see if there is anyone here has invested in these areas and what there experiences (good & bad) have been. Were there anything unforeseen that happened? Did you try to rent out the properties yourself or used a rental agency?

Thanks!!

[Irfan Raza]

Investing in Philly in general is not easy as compared to AB markets outside of philly.  You may see returns high on paper, but they will take either money for help to obtain them or time and effort.  I own a few properties in both neighborhoods and both have their pluses and minuses. The biggest plus in port richmond is that if you have to go there you can get polish sausages and perogies and they are very good.