All Forum Posts by: Willy Marello

Tony and Jimmy, thanks for the response, Ill contact tony to sit down with him later. I am working 40 hours at a full time but am very handy with house work and rehabs. It would be in Brewery town. 

thanks,

Will 

This would be for Primary residence. Mainly Single family but with multiple rooms so 3 Beds 3 bath or 2 beds 2 bath. (I would live in one room) I'm looking North of Girard, 31st street in brewery town. around the Aldi's. Not going to give addresses but properties around that area. Again, deciding between new Construction, higher price but numbers would work with tax abatement and I could charge a premium for Rent. OR buy a lower value house, add some Sweat equity, and rent out at a lower price. I could afford either. 

I met with a realtor that showed me 6 houses around North Philly, North of Girard, that were all under construction and not yet listed on the market. They are new construction/ intense rehab gut properties that will qualify with the tax abatement. I am not sure what to do. One one hand, these properties seem too high with the new construction premium. On the other hand, Numbers might work with tax abatement. The realtor focuses on selling new properties or rehabs in the area of brewery town. I don't know if I should take the risk of buying there banking on the notion that the property will appreciate in years to come. South of Girard though, property value has skyrocketed. just not that much gentrification North of Girard.