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All Forum Posts by: Alan Zee

Alan Zee has started 10 posts and replied 101 times.

Buying & Selling Real Estate

Post: Philadelphia Best B Areas and Up and Coming C Neighborhoods

Alan ZeePosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 126
  • Votes 65

Hi Everyone, I am looking to invest in the Philadelphia market. I'm actually looking at a deal in Collingdale PA. I know some members on this thread invest in Delaware County so I'd like to get some advice. The property is listed for $400K, but the taxes which includes "school tax" is a whopping $20K/year. That's 5% purchase price. Yikes! From what I read, the school tax increases every year and alot of owners have a hard time selling their properties in Delco.  School taxes makes up approx 60% of the annual $20k. What has been your experiences investing in Delco? Will the county re-assess the taxes? 

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