All Forum Posts by: Daniel Quinn

I think the work from home shift is going to be very real and the biggest variable in the outcome. Could be a hiccup or something much more prominent. I already know a few large employers in CC that have informed their employees that the shift to remote work is indefinite and they are reviewing their leases and weighing relocating. 

My guess is the current situation has expedited the late 20s/early 30s crowds plans to move outside for more space or better schools. I think the bigger issue is that the post grad crowd that the city has recently relied on gets progressively smaller after each cycle. 

I don't really see the fringe neighborhoods having a big comeback. In fact, most of the neighborhoods that were selling relatively high relying on future gentrification might take a beating. The service industry are usually the early anchors for those type of neighborhoods and with those more or less out of the equation for the next six months the appeal of those neighborhoods drop close to zero. The established areas will likely be fine but everything in between will probably lose favorability to the suburbs where people will value more space (and perhaps timeliness of trash pickup).

I hate to say it but from my viewpoint (which is admittedly much less informed than other users on this site) the outlook is grim for the future. The local leadership specifically doesn't inspire much confidence that they can weather this storm. 

@Justin Tyler Kensington is a relatively large area that across the board has an issue with drugs but the severity varies pretty significantly across the neighborhood. I would do a lot of research in the specific areas you are interested in.

Strawberry Mansion has a much worse crime problem than Brewerytown. While it may appreciate due to the relatively low prices that are there now compared to others (although it has been moving up) I don't think it is in a good enough location to be comparable to fishtown, point breeze, or breweytown. It is outside of walking distance to center city and not great access to public trans.

Just my two cents. I'm sure you will get a lot of different opinions.

@John Knisely I was doing the vinyl siding on both sides of the house. Beautiful day out for it when I went but got my first sunburn of the season!

Ah nice I was building on that same house in late April through my work. Hopefully going out there again soon for another day of volunteering.

If any other opportunities come up I would be happy to join.

@Mike Dorneman Thanks for reaching out DM sent!

Agreed, I would say my target areas have very hard boundaries where I wouldn't be willing to look beyond due to the drastic change in neighborhoods. 

Hi All,

I'm from down in Philadelphia and am interested in looking at a some properties that I have been eyeing in Wilkes-Barre. Am curious if anyone has real estate agents they could point me in the right direction towards.

Additionally, if anyone has any thoughts about investing in WB I would love to hear some opinions. I'm familiar with the city from going to school there a few years back. Think there are some good options for buy and hold close to the colleges. I'am aware of some of the rubs that come along with the area like needing a property manager if you live outside the city and flooding problems (I seem to remember evacuating the city at least once due to flooding) but not sure if there is anything else big I'm missing.

Hi everyone, I was linked to this thread and was wondering if it is still active. Cheers!

Hi everyone,

I have recently gotten into REI and have been looking at the local market and planning on getting a triplex when my current lease ends in the summer. During the course of my search I found a deal that I like in a different area that I'm familiar with. It is a 5b, 3ba SFH in a college town with a current list price of $45000.

Based on the information I see it looks like it was purchased last year and renovated some but they are having a hard time unloading the property. It is currently rented out to college students at $900/month. The house itself is within two blocks of the college and downtown. The real estate company has annual tax at $1,863 and insurance $135 making the total payment roughly $338. I know I would likely require a property manager and I'm having a hard time determining the additional expenses. I used the rental calculator on BP which gave me a monthly cash flow of $357 but I'm not sure if that sounds right.

Sorry, for the vague question but I guess I'am hoping to have separate/more experienced eyes on it and let me know what I'm not considering. It is tough not having another person to bounce ides off of.

Thank you