Quote from @Jeffrey Miller:
Quote from @Julianne Kauffman:
Hi Jeff,
I currently invest in Lancaster but due to super low inventory, Reading definitely looks like a viable option. Do you have any insight/advice for someone looking to expand into that market?
I feel like i do... I initially planned to invest in Lancaster but was priced out and needed cashflow in the short term...What are your concerns? What type of investment strategy are you interested in? What do you need from your investments? Like any market there strategies that work better than others.
The main concern would be the area in general. Reading has it's reputation but like any area, I'm sure there are more desirable areas than others. I'm not familiar with the area enough to know those intricacies.
My strategy is buy and hold so would be looking for a cash flowing rental and your post definitely sparked my interest in looking closer at the Reading market since I'm only 45 minutes away. I will probably have to spend some time out there to get a better feel for myself but didn't know if there was anything specific that you would recommend. I appreciate your response!
