You NEED To Know These Helpful Best Practices When Investing In Philadelphia

You NEED To Know These Helpful Best Practices When Investing In Philadelphia

Having worked with Morgan Stanley previously and now being in real estate I wanted to share some best practices I have learned when it comes to investing in real estate:


Treat each Zip Code as if they were their own city.  

Real Estate prices per zip code in Philadelphia trend in 10 year cycles on average. During these cycles we see the average home value rise.  

Of all the real estate investors I've spoken with, the most successful investors buy and hold with a long term exit strategy.   Rather than looking for an undervalued property in an expensive area, there is more opportunity for your profits when you purchase a property for market value near expensive price points near a neighborhood trending positive for valued appreciation.  

Based on my research, I believe following areas are trending positive for home value appreciation and could, over the long term have huge potential for capital gains:  
- Just south of Washington Ave and West of Broad
- Just North of Girard Ave and West of Frankford Ave  

Leverage your properties:
- Keep the equity from your investments diversified such as a stock portfolio that will not only make you a profit, but cover what your paying on interest.
- Interest rates are at historical lows and can also act as a tax shelter when filing your income taxes from your real estate investments.
- Make sure to keep your Debt to Income Ratio favorable so you can continue to qualify for new mortgages on any future property purchases... this type of leverage keeps the banks in your corner.  

Major Cities in the US historically go on 30 year real estate trends.  Philadelphia County is 10 years into a positive trend and our research has shown that Philadelphia's real estate market (less the condo market) was not as heavily impacted by the plummeting market in 2008. This is seen by properties that are extremely close to their value before 2008 or of higher value today as they were then.
 

If you are interested to know how this information affects your personal property value you can find out one of two ways:
·       Give Jeff a call at 1-267-225-7551
·       Check out your home’s value at:  www.PhiladelphiaLocalHomeValue.com


Chris Hvostal Headshot
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Phone: 267-825-1192
Dated: February 27th 2014
Views: 39,465
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You NEED To Know These Helpful Best Practices When Investing In Philadelphia - Having worked with Morgan Stanley

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