Lancaster, PA Market

[Robert Bodmer]

Hey BP! 

A quick background on me: I'm currently securing financing for my first deal which is a house hack in Baltimore City (I work and go to school here). Afterward, I want to begin my BRRRR investment strategy and through some background research, it seems that Lancaster, PA might be a good market. It's experienced a lot of economic / income growth over the last few years but the housing market appears to be lagging behind it.

Could someone from around there or who invests give me a better idea of the market up there? Just browsing the MLS it appears that there are a good bit of multifamily units up there. I'm also open to hearing about other markets around the area. My main qualification is that I want it to be within about a 2-hour drive of where I live and be trending up in terms of economic growth.

[Eric Drum]

@Kyle McCorkel is spot on in both his posts and am familiar with his investments. I have met a few folks who bought money pits in Lancaster that we’re, at best, C properties. Be selective and don’t chase the money unless you really know neighborhoods.