Philadelphia Real Estate Rebounds
Investing in Philadelphia residential real estate? Despite news reports about a downturned real estate market, it seems that Philadelphia is bucking the trend.
In a Philadelphia Business Journal article from January 7, 2009, ” the Philadelphia area bucked not only a national trend but a Northeast trend as well, as activity in the Northeast region fell 7.2 percent from October to November, and was down 14.6 percent in November compared to a year earlier.” The index used “increased 24 percent” from October to November.
When considering purchasing investment property – consider the Philadelphia area. It has one of the country’s lowest percentage of real estate taxes and with it’s business growth and the uniqueness of having four medical colleges within the city limits.
Philadelphia is one of those unique and best kept secrets for finding real estate investment properties. We specialize in finding and wholesaling investment properties that show a monthly positive cash flow and in many cases, extra cash back at refinance. To see our current list of available investment properties, go to our website.
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