Wednesday, May 22, 2013

Should I buy a house in Philadelphia, University City ... - Zillow Real ...

Yes. ?But if you have extra cash you would probably do best getting permits to zone it a duplex, convert it into a duplex if the property is large enough, re-hab it and collect $550-600/bedroom. ?Between 2 units you could collect anywhere from $3,000-$5,400/month in rental income between the 2 units depending on how many bedrooms you have between the 2 units. ?This may have higher barriers of entry, however the returns are significant and very favorable as an investment opportunity.

Good luck to you!

Source: http://www.zillow.com/advice-thread/Should-I-buy-a-house-in-Philadelphia-University-City-area-as-an-investment/493221/

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