Investing in Kensington 19134

[Rami Kaffezider]

Hi B.P

I am an investor from outside the USA and thinking about investing in Kensington 19134.

What do you think / know about this neighbourhood ? I'll be glad to know your thoughts for the good or the worst

Thank you.

[Janine Covello]

I am a big fan of 19134- and I have two buy and holds that are doing really well for me right now there. Here are some things I learned- 

1. The areas I am in are still "rough" when I was starting out I legit had contractors that would not work on one of my blocks- I was really insulted when that happened for the first time but I have since learned to move on and be sure to have multiple vendors lined up for quotes and estimates on any possible jobs 

2. I had some real gross problems when I started out- roaches, illegal trash dumping in my back yard, people shooting up in my back yard(time for a security fence!)- people breaking windows- graffiti, etc- and this took up more budget than I had originally planned- I had to learn to not be sensitive to the problem and just move forward with solutions like pest control,bars on windows, a nice big chain link fence etc 

3. I have since seen GREAT appreciation in the area and I get phone calls multiple times a week on one of my properties (Kingston ST) In particular with offers (I'm not selling it!). The cash flow I have now- is with a government program I partner with (Not section 8 it's a different program) and it is AWESOME. The tenants are now settled and are low maintenance. 

4. My other property I bought cheap cheap and did rehab work on- and I have two non program tenants who all things considered are awesome, although I had to say no to about 10 people before I found these and the cash flow is great. I am constantly checking comps in the area and my redfin/zillow score and getting and taking phone offers and sense some solid appreciation there already

5. My strategy is and always has been buy and hold for about 20 years in this area- I've decided if it continues to appreciate great- if it stays a little rough the cash flow is solid enough that I am happy :)