looking to invest in propriety in Philly any good suggestions ?

Answer 1

One of the most up and coming markets that I know of is Northern Liberties, although the general slowdown of the real estate market has affected NL as well. It's just north of Old City, and starts on the north side of Spring Garden Street. It's northern border is Girard Avenue. It's Eastern border is I-95 and it's western border is 5-7th Street, depending on who you ask. It's a younger neighborhood that's very artsy and original. You won't be able to go in there with some kind of corporate commercial real estate, or a residential product that's way overpriced (I guess that part's true just about everywhere). If you can find land that permits you to build or re-hab a house, and then sell it for around $300k, you'll sell them all day long.

If you want to try and get further ahead of the curve, then take a look at Fishtown, on the other side of Girard Avenue, just north of Northern Liberties. There are a lot of re-habs in that area that are being bought by college students and hipster types escaping the development and eventual commercialization of Northern Liberties.

If you're REALLY trying to get ahead of the curve, buy some dirt in Camden, NJ. I don't care what anyone says, it's the next logical proession in development in NJ. The suburbs are filling up (in PA and NJ), property taxes are sick everywhere in NJ and most of PA (new construction comes 10 years property tax free in Philly) and people are getting tired of the commute. A lot of people, both old and young alike, are looking to move into the City, however, with condos starting in the $400s at the bare minimum, people are running out of options (and room). There's a couple of towers now on the banks of the Delaware River on the Philly side where the top floor units are going for 7 figures. The view from them is Center City (if you're lucky) or the river and Camden, NJ, which includes a barge corral, Riverfront Prison and some projects.

The area around Rutgers and Cooper Hospital is getting a bit better though (very slowly) and with how easy it is to get to Philly via PATCO, development is on the rise in Camden. Also, there's the new ballpark stadium, the Aquarium, Rutgers University, Cooper Hospital and the E-Center (concert venue). Add to that a view of Center City Philadelphia that can be had nowhere else, and just about every piece of the puzzle is there.

If you've done this before, and can handle the beauracracy in Camden and NJ, you'll make money for sure...just not tomorrow.

Answer 2

Well Fishtown is supposed to be the up and coming neigborhood, around Girad ave closest to the delaware, you can find some good houses for low price right now, invest a little money in upgrading bathroom and kitchen you could make a killing.

Answer 3

yes, recovery houses. just take some kind of course to gain your owner and house manager title and then connections with na and aa and then you can open your recovery house. there is a lot of money in that, as the house managers can take everybodies welfare money to pay the rent (and profit) and the foodstamps to buy food. just think, if you are really stingy you can make a killing off of these recovering addicts. not a suggestion, just the truth. good luck