There are many reasons why Philadelphia real estate investing is a good idea. Philadelphia is one of the best places for real estate investment. This is one of the oldest cities in the United States. It has a history of immigrants dating back to as early as the 1500's. Even though there are reports about a down turned real estate market, this is the best time for you to get started as a wholesale investor. There are some factors you can consider when you think Philadelphia real estate investing. These are:
How long do you want to hold on to the property?
Which are the areas best suited for your situation?
Your choice: That is whether you want to use your investment property for a "flip", or you want to develop it over a period of time, while renting it out.
Reasons
There are certain reasons why it is ideal for wholesale investors to venture into Philadelphia real estate investing.
Architecture: You will find such historical architecture only in countries which have a longer history than the United States. These include Chile, Italy and Mexico. However, in the United States itself, not many cities have architecture like this. Real estate investing in Philadelphia is also of aesthetic value as the old buildings show the deep roots America has in history. This makes Philadelphia the birthplace of the history of the United States.
Convenience: Another advantage for Philadelphia real estate investing is the convenience. Everything is at a vicinity. If you are in the heart of the city, you are close to restaurants, shopping malls, entertainment and a lot more. There are many entertainment options with clubs and bars along Columbus Boulevard, South Street and many other areas.
The Value: Another reason why Philadelphia real estate investing is a great option is the value it offers. Real estate investing in Philadelphia has been really under priced for many years compared to its neighboring New York. You have many opportunities in Philadelphia real estate investing to buy your dream home anywhere in Philadelphia irrespective of the prices.
Areas of Investment:
For Philadelphia real estate investing there are many developing neighborhoods which you may want to invest in. These are the Art Museum neighborhood. This includes the communities of Franklin Town, Spring Garden, Fairmount, Francisville and Brewerytown.
For many Philadelphia real estate investors, the best neighborhoods are those which are in close proximity to the major medical schools in the city, including the Hahnemann Medical college, the University of Pennsylvania Medicine School, and The Temple University Medical School.
There are many profitable, cash flow opportunities for you as a wholesale investor in Philadelphia. Philadelphia real estate investing can be a highly lucrative option, but it is not risk free. It has all the aspects required for wholesale investors. It is convenience, it has a history, it has arts, architecture. It has entertainment, value and there are many reasons for real estate investing in Philadelphia.
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