Chester County PA Outlook in RE

[Rami Khaldi]

Hi there,

Searching for my first deal, thinking I may have found a solid opportunity. I'm looking at a fourplex in Chester County, PA (in suburbs of Philadelphia). It will need some rehab but I think it may be worth the investment. The calculator for Bigger Pockets has 'low' confidence in the rent rate. Based on my research, it looks like Chester County has long term potential in terms of appreciation and cashflow. One of the fastest growing counties in Pennsylvania.

Any insights from others in the area that invested in Chester County or know about it? I live in Philly and lived in a different suburban county before that. SO i cant speak to it beyond what i found in my research. Great deal for the fourplex, less than $150K. Let me know what you think!

[Bob Norris]

Rami, I would agree with Eric. $150,000 for a four-plex in Chester County is a pretty low price. There are many different sections with many different neighborhoods and areas that you may or may not want to invest in. If you feel comfortable sharing more information either with this group or privately, I’m happy to give you a more detailed response if it’s an area in southern Chester County. Good luck!