All Forum Posts by: Jeremy Chaudet

@Ryan Cameron, Brewerytown seems to be getting a lot of action as well. I don't invest there but I know people have found success there. 

@Chris Gordon, I personally like driving around each neighborhood to get a feel for the area and see what is going on. If you look at all the “hot” areas they seem to all have a few things in common: Nice bars, good restaurants, easy access to public transportation, and for the most part- close to center city or an already hot neighborhood.

If you think of a neighborhood like Northern Liberties with all of the new construction, the next neighborhood to revitalize was Fishtown due to its proximity to NL. Now the same thing is happening in parts of Kensington super close to Fishtown. It all seems to trickle down once the neighborhood matures and construction reaches somewhat of a peak.

In terms of revitalization, I personally have my eye on Grays Ferry which is the neighborhood west of Point Breeze and just east of University City. 

http://philly.curbed.com/2016/10/26/13322180/philadelphia-neighborhoods-to-watch

@Hoang Vu,

Yes, I prefer the price to rent ratio being greater than 1%. In today's market, if you buy something turn key it will likely be right at 1% if it is a decent deal. You will definitely get better returns buying a distressed property and renovating it (if you buy at the right price). Feel free to send me a message and I can help you find a money maker!

Hi @Hoang Vu, 

When I buy in Manayunk, I try keep my total investment at a minimum of 1% of the rents that I can get otherwise I won't buy. Usually though, I have been able to hit the 1.3-1.5% mark by buying a distressed property cheap and bringing it back to life. 

From my experience, you'll get better returns with SFRs because there are not many Multi-Family properties around here. And when they do go for sale they tend to be pretty expensive. Every now and then you can get lucky though :)

Hey guys, I was successful in finding a good listing agent for my Manayunk/Roxborough properties. 

I'm still looking for a listing agent who specializes in renting lower income properties in Philadelphia. Any referrals are greatly appreciated. Thanks!

@Jason Centeno, correct!

Thanks @Christopher Lombardi, I will message you my email address. 

Hey guys, 

I'm looking for a listing agent in Philadelphia to help me rent out my properties and build a long term relationship. I have properties that rent out section 8 and properties I am renting rooms out to young professionals. The properties are in Manayunk, Roxborough, Grays Ferry, and West Philly. 

Please message me if you or anyone else you may know is interested. 

Thanks!

Nate, for 50K or less I would suggest West Philly but its not for everyone. Personally, I think that the closer to center city you are the better off you will be in terms of appreciation. UPenn and Drexel are investing a lot of money into the area (University City which is in West Philly) so the thought is that this will hopefully continue to expand into surrounding neighborhoods.

http://articles.philly.com/2016-06-17/business/73821811_1_30th-street-station-rail-yards-amtrak

I have been investing in Manayunk/Roxborough for almost 3 years and it has been treating me well. You get plenty of young professionals/grad students/ college kids and the rents are pretty reliable. It works for me.