Buying new construction with tax abatement before it hits market

[Willy Marello]

I met with a realtor that showed me 6 houses around North Philly, North of Girard, that were all under construction and not yet listed on the market. They are new construction/ intense rehab gut properties that will qualify with the tax abatement. I am not sure what to do. One one hand, these properties seem too high with the new construction premium. On the other hand, Numbers might work with tax abatement. The realtor focuses on selling new properties or rehabs in the area of brewery town. I don't know if I should take the risk of buying there banking on the notion that the property will appreciate in years to come. South of Girard though, property value has skyrocketed. just not that much gentrification North of Girard.

[Mayer M.]

@Willy Marello

Perhaps @Troy S. Could jump in. He’s the most knowledgeable person I know for this area