All Forum Posts by: Louis Haase

I have been looking into the South Philadelphia market as the area is expecting the Bellwether District, a megadevelopment of industrial and life-science buildings, to be delivered in phases over the next dacade. The development is expected to bring thousands of permanent jobs and promote sustainability, including eco-friendly features like walking paths and tree plantings. Howerver, I have resrvations about how this will impact the community's living standards as the development will immediately border some neighborhoods and could bring unwanted environmental impacts and noise. I'm curious if anyone has experience with how developments like these affect surrounding communities, particularly in terms of rental investment opportunities. The surrounding neighborhoods (West Passyunk, Girard Estates) currently have pretty strong fundamentals, although weigh towards owner-occupied. Any insights would be appreciate. Thank you!

Hi @Keifer Zhang, 

I am focused in Philadelphia and do not know an extensive amount about the Cleveland market but numerous articles I have come across have drawn comparisons to the two, less-saturated markets. One that really stands out is that the two are tied with a few other cities for highest average gross return on investment when flipping. I found this information in this DS News article: https://dsnews.com/daily-dose/07-31-2019/home-flipping-by-city

Welcome @Tina Gao! I have not begun investing myself but I have seen some people get great returns in the Port Richmond and Cobbs Creek (as mentioned by @Paul Jagielski above) areas of Philadelphia. The investors I have been in contact with found properties that required little rehab work but yielded great ROI since prices in these areas have been steadily increasing and seem to be hot spots for investors. I recommend neighborhoods like these in the city due to the continuing influx into the city and rapid gentrification seen in many neighborhoods like these. Feel free to reach out if you have any more questions.

Hi everyone,

For anyone in the Philly area, I was wondering what areas you are targeting and what areas you find to be the most promising/show the greatest returns