Harrisburg, PA (Allison Hill -- Opportunity Zone)

[Candace Noel]

Hi everyone! I live in NOVA and I'm currently negotiating a deal in Harrisburg that's 5 units in the Allison Hill area. It is within a couple mile radius from the Harrisburg University of Science and Technology. I was wondering what you think of that area. It's located in an "opportunity zone" so I'm sure that means it might be a D class property. Do you know of good property managers for that area? Would you recommend investing there? It's 5 units for about $100k with rents at about $2,500/month. Taxes seem to be high in the city of Harrisburg. And the properties sit for a long time. Is there a way to get the properties reassessed to lower the taxes? Or is that like asking for a Christmas miracle? lol

[Doug Pintarch]

I live in Harrisburg  and ride my bike through all sections of the city weekly.  Allison Hill is the second worst section of town.  I would not invest in there unless I lived a few miles away and could constantly watch and monitor my property.  I can do both of those things and still don't invest there.   Many opportunities can be found in Harrisburg that are not in the 2 red zones.  We invest in beach rentals and have no desire to be local landlords.