All Forum Posts by: Zachary Paul

@Kevin Leslie - there are decent deals in both the Main Line and Philadelphia areas. 

When it comes to Multi-family Properties, there are definitely more variety in Philadelphia versus the Main Line and suburbs. Cap rates vary by neighborhood and region. 

I have seen duplexes/triplexes/quads under $300k in the Manayunk area. No matter what, it's important to run the numbers and make sure that the property is cash flow positive. 

Let me know if you have any questions or need assistance. 

Thanks. 

@Josh Tonnesen - welcome to BP! This is THE best online resource for real estate investing information...the podcasts are amazing.

@Carlos Guzman - As per PA Real Estate Law, new licensees must take 60 hours of education prior to taking the Real Estate License Test. The 60 hours are broken down to 2 - 30 hour courses - Real Estate Practices and Real Estate Fundamentals. 

Here is a link that breaks down how to get your Real Estate license in PA: http://www.wikihow.com/Become-a-Real-Estate-Agent-...

Hope this helps. 

Zach 

@Greg Bishop - I have not personally flipped a property in Manayunk, however, have toured several potential single family and multi-family properties as a real estate agent in Manayunk and East Falls. There are always a few "good deals" in every market...some more than others. 

As you probably know, Manayunk is in Philadelphia county and as such, there is a higher transfer tax than standard PA properties, as well as other regulations when it comes to Use and Occupancy permitting. 

For me personally, I've kept my own personal investing outside of Philadelphia county (for now) and focused on the King of Prussia and Phoenixville markets (as well as South Central PA near Harrisburg). 

Zach 

@Jon Pacitto - As you know, every market has its pros and cons. 

When I have assessed the Drexel Hill and Upper Darby markets, for me, the Property Taxes seemed to be much higher than some of the other areas you mentioned (i.e. Manayunk, Rox, etc) along with lower average rents. 

With that being said, property prices overall are lower than other Greater Philadelphia markets.

Are you looking for only single family properties to use as a rental or to house hack? 

I'm a licensed real estate agent based in King of Prussia, but cover Chester, Montgomery, Delaware, and Philadelphia counties. Let me know if you have any questions or if I can be of assistance. 

Best of luck. 

Zach 

@Brian Bond - I agree with your assertion that Overbook is an area where investing might make financial sense. My former assistant actually used to live in the neighborhood and is an area that has some good properties on the market. 

I also agree with what @Jonathan Senker mentioned...there is a very low inventory of affordable rentals in Bala and Wynnewood.

I'm a licensed real estate agent based in King of Prussia, but spend time all over the region from Center City Philly to West Chester to Chestnut Hill checking out properties and doing my own investing. If you have any questions or need assistance, feel free to reach out.

Best of Luck,

Zach

@Jason Rivera - For me I have not been able to see the 2% rule happen...with that being said, House Hacking is always a great way to get started...I highly recommend that strategy. 

There are some areas in C-/D+ neighborhoods where the 2% rule might be feasible, however, for me, they are not areas that I am actively pursuing or feel will have increasing value. 

@Jason Rivera - welcome to BP, this really is the best source of information for new and seasoned real estate investors. For me, the podcasts have been very very beneficial for my own business. 

I'm a licensed real estate agent based in King of Prussia, but spend time all over the region from Center City Philly to West Chester to Chestnut Hill checking out properties and doing my own investing. If you have any questions or need assistance, feel free to reach out.

Best of Luck,

Zach

@Keith Rorer - welcome to BP! Always nice to see other Philly investors on here. 

I agree with your assessment that from a rehab/flip strategy that Northern Liberties/Fishtown and even parts of Brewerytown is getting to be much more $$$ than say 2-3 years ago. 

I'm a licensed agent and spend my time all throughout Philly and the suburbs checking out deals - feel free to reach out if you have any questions or need assistance. 

Best of luck, 

Zach 

@RJ Griff - Welcome back to Philly! 

I'm a licensed agent working in the Greater Philadelphia area covering Philadelphia, Chester, Montgomery, and Delaware counties. 

Feel free to reach out if you have any questions or need assistance finding the ideal investment property. 

Best of luck!

Zach