Yeah, my friend starts at south and expand to west philly & grays ferry. I still have some in south, was not interested taking the headache in grays ferry at that time.
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Grays was such a no brainer though. 70k houses a mile from rittenhouse…I bought mostly in Manayunk and didn’t get close to the appreciation most of the city got.
Definitely can make some serious money by riding the gentrification wave. Hanging on and dealing with the issues until it gets to that point is the tough part.
I was driving through Strawberry Mansion and Brewerytown a few months ago. Brewerytown seems to be gentrifying quickly… Wonder if it’ll spill over into Strawberry Mansion. Right now, there is a night and day difference between the two when you cross the train tracks.
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There’s still so many vacant houses in SM. I’m sure investors are buying them up and on a 10 year timeline to wait it out. Part of what I was saying before it’s all speculation and actually keeps the neighborhood derelict.
Some of those houses are enormous but zoned sfr, they need to be able to convert to multi fam and then investors will start actually renovating them. No reason to renovate a huge sfr there as the costs are way too high and no one will rent a 7br. Same issues in west Philly towards city line. Beautiful homes with great bones and architecture but cost prohibitive. West Philly was the suburbs 75-100 years ago and pretty wealthy.
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Hmm – didn’t know about the large SFH there, but that makes sense. Been eying that area for a while, but the issues my in laws had with their squatters and the tenant base there is keeping me on the sidelines.
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Yep exactly why wealthy investors buy, depreciate them and keep them vacant…
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Hindsight is 20/20. Another friend picks up Kensington, well, it’s not going anywhere 
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Suny Binghamton grad here! Love the school and its very cheap
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Binghamton is a fantastic school. We live in CT and don’t qualify for SUNY in state tuition.
Btw, I’m always intrigue with Milwaukee. Seems like a great small city, got some low price housing there as well. It seems good to buy some rental there. Not sure why it’s not gentrifying fast though.
You guys are making me jealous. I’ve decided to get into rentals. This will be the cornerstone to my empire.
CURRENTLY OWNER OCCUPIED!
https://www.zillow.com/homedetails/30-Monroe-Ave-Allenstown-NH-03275/92884938_zpid/
I’ve been looking at Charlotte, NC for the same reason, and it’s closer than Wisconsin. Kind of lost interest though because the valuations are even further out of line with rents.
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My wife’s cousin is a BRRR investor in NH and seems to always find great deals there. But he’s also a master carpenter and does his own work while living in his RV on site. I think he’s up to 25 houses now, young guy under 30 doing great.
That “house” might be a little beyond repair 
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Check out the property taxes. Theres the reason the prices are low. Great city though love summer fest, Brady street bar crawls etc. When I first visited my friend when he moved there I wasn’t expecting much but I had a blast.
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Since college is next year, it’s too late to move to NC. In state tuition is <$10K per year at UNC and NC State. [It can be extremely difficult to get into either school, especially if you live in either the Raleigh/Durham/Cary/Chapel Hill or Charlotte metro areas as they have quotas or are Out of State.]
I think it’s interesting what UVA has done with their tuition. If you are an Engineering or Applied Science major your tuition is $10K more per year than every other major. In state engineering majors all in are $50K/yr ($30K tuition/$20K room/board/other). You can go to UNC/NCSU for that cost as an out of state student, if you can get in.
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Unfortunately, moving anywhere IS NOT an option. I run my family’s very small plumbing & heating supply business in NYC (The Bronx) and need to be at work 5-6 days a week.
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Completely agree. With dual enrollment during high school (where all the community college courses are online) and generous AP credit, its easy to enter college with 30-60 credits depending how diligent the student is.
Also, most universities have detailed listings of which courses count for credit vs placement from any institution in the world. So if you know 5 colleges you may want to attend, you can plan which CC classes to take based upon which school will give credit for them.
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Expanding on what @cheapdad00 said, your kid could go to a JC, CUNY or a SUNY for 2 years, move to a new state, take a year or so off to get legit residency and then transfer.
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This is certainly not the way. The younger generation doesn’t want to do work on their homes, flippers are a necessity to the market to buying distressed properties. I think this will have unintended consequences as they will just turn them into rentals instead. Or the price of renovated existing homes just went up 20%. These types of things are always passed on
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California was looking at doing something similar I think a year or two ago (not sure if it actually passed though).
I believe Ontario implemented a 15% tax for foreign investors because so many people from China were buying up property in Toronto and leaving them empty, but (to my knowledge) even that tax didn’t really help much