There isn't a bad time to buy an investment property per say but 2020 is shaping up to be a great year! Here are the 5 reasons why I think this year should be the year for you to buy your first
5 Investment Properties In Port Richmond Below 210K
Dated: October 17 2019
People who are buying an investment property either care about cap rate (ratio between the net income of the property and its original price) , appreciation of the property, or both. The cap rate is crunching numbers but appreciation is a little harder to predict. Lucky for people who are looking to buy an investment property in Philadelphia, it's slightly easier.
In Philadelphia, you can predict what neighborhood is coming up next because it borders an area that is already gentrifying. In other cities, up and coming neighborhoods can be spaced out and have no rhyme or reason. But in Philadelphia, the up and coming neighborhoods always border a developing neighborhood.
I'm focusing on Port Richmond because it borders Fishtown, a highly sought after neighborhood. People are already investing in Kensington and Harrowgate early for a longer term play. But Port Richmond would be a shorter term play for those looking to make a 5-10 year investment.
3137 Chatham St - $179,900
3120 Miller St - $189,900
3610 Miller St - $167,700
3122 Weikel St - $109,900
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People who are buying an investment property either care about cap rate (ratio between the net income of the property and its original price) , appreciation of the property, or both. The cap