All Forum Posts by: Jon Sanborn

@Max Porter The city is broken down into many different neighborhoods, and even in a number of good neighborhoods it can be block by block. 

Fishtown has been booming for number of years now, making it difficult to find cash flowing properties there. PM me if you're looking for some more local help, I'm an investor and agent. In the meantime, check out these links. They'll help you become more familiar with the city:

http://data.inquirer.com/crime/ 

http://www.city-data.com/city/Philadelphia-Pennsylvania.html

@Allen Yang Welcome to BP. Attend as many REIA meet ups as you can, research the various Philadelphia neighborhoods to see which one fits your living situation the best, and listen to the BP podcasts, they are a great resource.

Here's another interesting article. Similar to @Jeremy Chaudet 's article. 

http://philly.curbed.com/2017/1/6/14179534/philadelphia-point-breeze-hottest-neighborhood-2017

@Louis Macri I also graduated from Temple, and soon after joining the corporate world realized it was not for me, and that is when I discovered RE Investing. Congrats on the LLC! Where are your focus areas?

@Sam Borgia what's up Sam, I had no idea you are into construction. Do you do any work in Philly? 

@Terrell Kennedy 

 http://property.phila.gov/

Search by address. It'll show you who owns the property, their mailing address, what they paid for it, the zoning, and some other info. From there you can also search the tax balance on the property. 

@Eric A. is correct. I grew up in the area and my parents are active flippers there. One of their recent flips sat on the market for a year. They still made a nice profit, but you definitely have to account for long holding costs. They operate mostly in Mt. Pocono. There are properties there that you can get very cheap, put 20-30k into them and sell them for a 20-30k profit. That's what my parents have been doing and it's been working out well for them. 

Like @Lauren N Sellers mentioned, Fishtown is definitely more developed than Brewerytown is, so prices and competition are higher there (Fishtown). The Fishtown boom has spilled into Kensington and development is occurring as north as Lehigh. Brewerytown is not as heavily developed just yet so you can probably get in cheaper there. Both areas are very hot places in the city right now. 

@Tom Doherty Main focus is in parts of West Philly as well as Brewerytown/Strawberry Mansion. 

My girlfriend @Katie Heer grew up in Ridley so she also knows the Delco area well. 

@Algernon Brown Both areas are good for buy and hold, as long as you can get in at the right price.  I'm not as familiar with Point Breeze as I am with Brewerytown, which is mostly single family. Some multis do exist there, but they are hard to come by. PM me if you want to talk in more detail.