What Are You Investing In?

[Sophia Boro]

I'm curious to hear what investors in the Philly market are investing in and how your strategies have changed to accommodate the ever changing world of real estate.

Let's talk specifics!
-Multis or single-family homes

-Full-guts, cosmetics or buy n holds

-Suburbs vs city

-Cash vs hard money

Sincerely,

Your neighborhood investor-friendly Real Estate Agent

[Stuart Udis]

@George Voutsinos I would have to disagree with your approach :) The cash flow leaves as soon as the tenant moves out. The cash flow is also eaten up by cap ex events (which are absorbed far easier in the higher barrier/more expensive locations where cash flow may not appear as strong). You can theoretically cash flow better if the stars align with a section 8 rental in North Philadelphia compared to a better situated property. But what is reflected in a pro-forma rarely comes true in the lower barrier neighborhoods. I will take the better situated real estate where there are barriers over cash flow all day. If you are playing the long game, which you should with rental real estate you will come out ahead.