The Philadelphia market has been on the rise in the past five years, it is a hot market to invest and to purchase a home if you're a homebuyer. For the past 3 months we have been researching and looking at properties.
Philadelphia is very much like New York City with diverse streets and eclectic feel to the architecture there. In Delaware County has a very familiar feel to Brooklyn where at night it comes to life and young families come out and celebrate the evening. In the bordering area of Delaware County it has a tranquil feel of Westchester. Beautiful homes with acreage of land, perfect for family reunions or block barbecues.
We have traveled to Philadelphia on two occasions to see the area for ourselves, see the properties that we can close on and meet local realtors, residences, in which we want to build a team.
The market is hot in Philadelphia and for less than $100k you can obtain a townhouse, rowhouse or a duplex. Owners and sellers are willing to listen to how we operate in investing and would consider as an option. The key to finding great deals are connecting with local realtors and lead generation from direct mail. The combination of the two gives you a better chance of connecting with motivated sellers. The other part of this formula is having an option the seller would agree with.