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Updated almost 5 years ago,
Best Neighborhoods in Philadelphia / Suburbs for Buy-Hold
Hi everyone - I'm just getting started in my real estate investment journey. I live in NYC but due to prices here in the city, I'm looking to potentially invest in Philadelphia. It's close by and I actually have plenty of family in the area; so it's an ideal area for me.
To start, I'm looking for turn-key duplexes (minimal renovation/fixes are okay) for a buy & hold strategy in the price range of $150-200k. My goal is passive income, but I am obviously interested in finding neighborhoods which are growing / appreciating in value.
I'd love for some suggestions on neighborhoods in Philadelphia or nearby suburbs so I can prioritize my research.
Thanks! And if you require any additional information in order to provide a better answer, please let me know.
Kellen