All Forum Posts by: Alexander Brian Frederick

 Hey Jake, instead of thinking of this neighborhood as "the hood", you should look at this area as an emerging market. In the world of investment real estate, the best investors are blazing the way in neighborhoods that are starting to see an uptick in property value. If you look at Strawberry mansion, there are houses that are currently being flipped and sold in the mid-100's range and that value should continue to rise. While you definitely need to be careful where you buy, holding rental properties in this neighborhood can bring a huge return on investment in the coming years.  Remember, the investors that made the most money in POint Breeze were the ones who saw value early on and bought property first. 

 Hey Ankan, Congrats on your decision to invest in real estate! Strawberry Mansion, like the rest of philly, is very block by block so it is important to look at the value of rehabs within a quarter mile of the house in question. As an investment realtor in philly, I work a lot in this area and can tell you 35k is a good purchase price. Depending on what you're planning on doing with the house (full gut/rental grade rehab/cosmetic rehab), 60-70k seems about par for the course. Using a comp from more than 6 months ago, however, is not a good idea. Property value in philly is growing incredibly fast and it's important to make sure your comps are within a reasonable time frame 

If you need help analyzing comps in the area to determine ARV, send me a message and I will help you determine the value of your investment! 

Hey BP, I've been continuing my research on hot areas in south philly, and one of the neighborhoods I've come across is Forgotten Bottom. Is there any value in this area? With the growth of Gray's and Point Breeze, I think I can see some rising property value but I would love to hear what you all think. Any data/information that can help me develop my investment plan would be greatly appreciated. Thanks in advance!

Hey Daniel, Congrats on your decision to switch to philly investment properties. Philadelphia is one of the fastest growing markets in the nation and you are sure to make a lot of profit! Bucks County and MontCo are also excellent areas for investment. As an investment realtor, I've done a lot of deals out in those areas and I'm looking to do more. 

Because annual taxes are higher in the suburbs, I would recommend expanding your search to include parts of Philly. Neighborhoods in West, North, and South Philly are also booming in the rental/flip market right now.

If you need help finding deals and analyzing numbers out in these areas, message me and I can tell you as much as I know!

Hey Dmitriy, I agree with Yuriy- Philly is very block by block. It's important that you look at ARV numbers within the same neighborhoods as close as you can to the property in question. I personally only pull comps within the last few months and within .25 miles of the property I'm analyzing. As a licensed agent, I can help you analyze and find deals with great returns.

As for the financial situation, 50k will be a tough purchase price to work with unless you're interested in early emerging markets. With that price range, I would recommend Hard Money to cover purchase/rehab expenses. If you are interested, I can also help you fund deals with other people's money at a very competitive interest rate. Send me a message if you would like to talk more about investing in Philly!

 Hey Anna, If you're looking for contractors, I know a few quality choices that are licensed/insured and can provide pictures of previous jobs they have done. Send me a message and we can talk more about what you're looking for!

 I’ve found a few- they’re hard to come by but you can definitely get your hands on one. Let me know if you need help finding one! 

Hey Jonathan, I think Philadelphia is an incredibly hot rental market that will suit you much better than New York. Annual property tax in philly is low and the price of the houses makes the decision easy. You can find great houses that need a little rehab and even rental ready properties for under 100k very easily. If you need any help finding deals, let me know and I can point you in the right direction.

Hey BP,

With all the expansion in South Philly neighborhoods like Grad Hospital and Point Breeze, what are the next hot markets south of Market? I've been looking at Pennsport, West Passyunk, and Gray's Ferry predominantly but I would love to hear what you all thought.

Hey Roman, I think Parkside is a really good area to pick up buy/hold investments. The neighborhood is still a little rough, but the city is putting a ton of money into the surrounding area and we should see some increases in property value very shortly. As an investor, there is a lot of potential for growth, and as I see philly development sky-rocket, I firmly believe holds will generate a good profit in the long run!