Top 10 Tips for Buying Investment Property

Are You Thinking of Investing in Real Estate?

We have helped many clients build their investment portfolio along with their personal net worth through strategic investing in real estate.  Here are our top 10 tips for buying investment property.  If you think you are ready to begin investing or are looking for your next piece contact us today!  We will set up a consultation to help determine your investment goals & figure out what is right for you.

Price Range: $200 to $3,900,000 Price Average: $505,498
Size Range: 1 to 17,532 Sq. Ft. Size Average: 3,280 Sq. Ft.
Gallery List Map
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Under Contract
Contingency
$ 249,900
2236 Reed STREET
Philadelphia, PA 19146
0 Bed / 0 Bath
0 Sq. Ft.
Property Type: Multi
MLS® #: PAPH409004
Courtesy of Keller Williams Philly
Under Contract
Contingency
$ 249,900
2236 Reed STREET | Philadelphia, PA 19146
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH409004
Multi
0
0
0 s.f.
Courtesy of Keller Williams Philly
large 1 + 1 legal duplex in Point breeze, a rare find, builder could condo the building or make a nice duplex rental. All offers will be presented, $7500 deposit and proof of funds will be required, AS IS addendum and buyer is responsible for u/o. S Cash , hard money financing or 203K only. All offers will be presented. all deposit checks must be received within 48 hours, under 30 days must be certified. Please do not text offers
Under Contract
Contingency
$ 1,450,000
1118 Spring Garden STREET
Philadelphia, PA 19123
2 Bed / 0 Bath
0 Sq. Ft.
Property Type: Commercial
MLS® #: PAPH408986
Courtesy of RE/MAX Eastern-Philadelphia-Grant Ave
Under Contract
Contingency
$ 1,450,000
1118 Spring Garden STREET | Philadelphia, PA 19123
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH408986
Commercial
2
0
0 s.f.
Courtesy of RE/MAX Eastern-Philadelphia-Grant Ave
A unique business and Building for sale located on a busy street. A well run profitable business for many years with rare opportunity to own of one a kind building
Under Contract
Contingency
$ 1,100,000
565 N 20 Th STREET
Philadelphia, PA 19130
Art Museum (Spring
0 Bed / 0 Bath
0 Sq. Ft.
Property Type: Multi
MLS® #: PAPH408894
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 1,100,000
565 N 20 Th STREET | Philadelphia, PA 19130
Art Museum (Spring
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH408894
Multi
0
0
0 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Incredible opportunity to own a blue chip investment in one of the most well established neighborhoods in Philadelphia - Spring Garden/Art Museum. This mixed-use property features commercial space on the first floor that is currently being occupied by the owner and 4 residential units up top. The commercial space owns a liquor license that is not included in the sale of the building but could be negotiated to be included. The owner is also open to selling the business separately or with the building. The business is currently a specialty beer distributor with a loyal and longstanding client base. The residential units are all currently occupied and all feature 1 bed, 1 bath. Two units are rented for $950/month and the other two are rented for $900/month. With minor cosmetic updates the rental income could be increased as well for the residential units. Leases available upon an acceptable offer. Don't miss out on an opportunity to own a staple in a beautiful and desirable neighborhood. Check OPA for 2019 taxes due to possible citywide reassessment.
Under Contract
Contingency
$ 55,000
1825 N Marston STREET
Philadelphia, PA 19121
0 Bed / 0 Bath
0 Sq. Ft.
Property Type: Land
MLS® #: PAPH409068
Courtesy of Home Real Estate & Development Co
Under Contract
Contingency
$ 55,000
1825 N Marston STREET | Philadelphia, PA 19121
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH409068
Land
0
0
0 s.f.
Courtesy of Home Real Estate & Development Co
Under Contract
Contingency
$ 35,000
257 E Sharpnack STREET
Philadelphia, PA 19119
Mt Airy (East)
Bed / Bath
0 Sq. Ft.
Property Type: Land
MLS® #: PAPH408884
Courtesy of RE/MAX Connection-Haddonfield
Under Contract
Contingency
$ 35,000
257 E Sharpnack STREET | Philadelphia, PA 19119
Mt Airy (East)
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH408884
Land
0 s.f.
Courtesy of RE/MAX Connection-Haddonfield
One building lot in Mt. Airy area. New constructions comps in the 400s.
Under Contract
Contingency
$ 1,100,000
565 N 20 Th STREET
Philadelphia, PA 19130
Art Museum (Spring
0 Bed / 0 Bath
0 Sq. Ft.
Property Type: Commercial
MLS® #: PAPH408926
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 1,100,000
565 N 20 Th STREET | Philadelphia, PA 19130
Art Museum (Spring
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH408926
Commercial
0
0
0 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Incredible opportunity to own a blue chip investment in one of the most well established neighborhoods in Philadelphia - Spring Garden/Art Museum. This mixed-use property features commercial space on the first floor that is currently being occupied by the owner and 4 residential units up top. The commercial space owns a liquor license that is not included in the sale of the building but could be negotiated to be included. The owner is also open to selling the business separately or with the building. The business is currently a specialty beer distributor with a loyal and longstanding client base. The residential units are all currently occupied and all feature 1 bed, 1 bath. Two units are rented for $950/month and the other two are rented for $900/month. With minor cosmetic updates the rental income could be increased as well for the residential units. Leases available upon an acceptable offer. Don't miss out on an opportunity to own a staple in a beautiful and desirable neighborhood.Check OPA for 2019 taxes due to possible citywide reassessment.
Under Contract
Contingency
$ 70,000
1736 N Lambert STREET
Philadelphia, PA 19121
0 Bed / 0 Bath
0 Sq. Ft.
Property Type: Land
MLS® #: PAPH409064
Courtesy of Home Real Estate & Development Co
Under Contract
Contingency
$ 70,000
1736 N Lambert STREET | Philadelphia, PA 19121
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH409064
Land
0
0
0 s.f.
Courtesy of Home Real Estate & Development Co
Under Contract
Contingency
$ 439,900
725 N 17 Th STREET
Philadelphia, PA 19130
Fairmount
0 Bed / 0 Bath
0 Sq. Ft.
Property Type: Multi
MLS® #: PAPH391222
Courtesy of Keller Williams Philadelphia
Under Contract
Contingency
$ 439,900
725 N 17 Th STREET | Philadelphia, PA 19130
Fairmount
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH391222
Multi
0
0
0 s.f.
Courtesy of Keller Williams Philadelphia
ATTENTION INVESTORS , LOCATION , LOCATION , LOCATION. This Duplex is located in a hot Fairmount area, this property has lots of potential. Cash Sale Investor's Special. Property being sold ""AS-IS"" Bring Flashlight. Seller may or may NOT clean out property prior to settlement. Buyer responsible for any U & O or resale requirements, if applicable. Seller requests that Buyer use Seller's Title Company.""Motivated Seller. Buyer pays all transfer tax."
Under Contract
Contingency
$ 79,000
1322 S Grove STREET
Philadelphia, PA 19146
0 Bed / 0 Bath
0 Sq. Ft.
Property Type: Land
MLS® #: PAPH408688
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 79,000
1322 S Grove STREET | Philadelphia, PA 19146
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH408688
Land
0
0
0 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Vacant lot
Under Contract
Contingency
$ 899,000
1837-39 N 2 Nd STREET
Philadelphia, PA 19122
0 Bed / 0 Bath
0 Sq. Ft.
Property Type: Commercial
MLS® #: PAPH408706
Courtesy of Allegiance Real Estate
Under Contract
Contingency
$ 899,000
1837-39 N 2 Nd STREET | Philadelphia, PA 19122
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH408706
Commercial
0
0
0 s.f.
Courtesy of Allegiance Real Estate
opportunity to purchase and renovate 3 residential units and 1 commercial unit OR knock down and build a million dollar money maker.
Under Contract
Contingency
$ 75,000
1011 Belmont AVENUE
Philadelphia, PA 19104
Belmont
4 Bed / 1 Bath
1,864 Sq. Ft.
Property Type: Multi
MLS® #: PAPH400604
Courtesy of Coldwell Banker Preferred-Old City
Under Contract
Contingency
$ 75,000
1011 Belmont AVENUE | Philadelphia, PA 19104
Belmont
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH400604
Multi
4
1
1,864 s.f.
Courtesy of Coldwell Banker Preferred-Old City
Opportunity knocks! This building is zoned for multifamily and can be converted to a Triplex by right. The building will be sold with most of the materials you see inside. The Buyer will responsible for clean-out. This is an as-is sale. Make your appointment today. You will not be disappointed.
Under Contract
Contingency
$ 159,900
417 Manton STREET
Philadelphia, PA 19147
0 Bed / 0 Bath
0 Sq. Ft.
Property Type: Land
MLS® #: PAPH363436
Courtesy of Carp-Banik and Mathew, LLC
Under Contract
Contingency
$ 159,900
417 Manton STREET | Philadelphia, PA 19147
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH363436
Land
0
0
0 s.f.
Courtesy of Carp-Banik and Mathew, LLC
Investor Alert!!! Vacant Lot measuring 11.66 X 56.50.Super Location!!! Lots of New(er) construction on the block. Buyer responsible for Certification Statement.
Under Contract
Contingency
$ 265,000
1728 N 3 Rd STREET
Philadelphia, PA 19122
3 Bed / 2 Bath
1,795 Sq. Ft.
Property Type: Multi
MLS® #: PAPH363658
Courtesy of Keller Williams Philly
Under Contract
Contingency
$ 265,000
1728 N 3 Rd STREET | Philadelphia, PA 19122
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH363658
Multi
3
2
1,795 s.f.
Courtesy of Keller Williams Philly
Great Value Located in Old Kensington, nestled between Northern Liberties and Fishtown. This is located on a very quiet tree lined street. This block offers close proximity to all the hot spots without sacrificing quiet and peaceful city living. This is a duplex first level is a one bedroom apartment & level two is a two bedroom apartment.Great opportunity awaits either a home owner or investor.Homes on this block selling quickly. Close to all public transportation and center city. Easy access to Interstate 95. Short walk to Frankford Avenue with shopping and great restaurants like, Wm. Mulheron's Sons, Front Street Cafe and Frankford Hall. Close to Temple University and all of Fishtown.
Under Contract
Contingency
$ 275,000
3321 Indian Queen LANE
Philadelphia, PA 19129
3 Bed / 2 Bath
1,480 Sq. Ft.
Property Type: Multi
MLS® #: PAPH363668
Courtesy of Simple Choice Realty, INC
Under Contract
Contingency
$ 275,000
3321 Indian Queen LANE | Philadelphia, PA 19129
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH363668
Multi
3
2
1,480 s.f.
Courtesy of Simple Choice Realty, INC
3321 Indian Queen Lane is perfect for a first time or seasoned investor looking to acquire real estate, or, a savvy home buyer seeking to offset their mortgage payments by living within a unit and renting the other out. The property was fully renovated updating kitchens, bathrooms, new roof, central air, and more. Due to the level of finishes and amenities these units receive exceptional interest when vacant and rent in days. All of the utilities are separated and a new owner would only pay for cold water, taxes and insurance. Looking at the layouts, the first floor is a spacious one bedroom one bath which is currently rented for $900 per month. The second floor is a two bedroom one bathroom with an open floor plan in the living room and kitchen which rents for $1,100. There are only a couple of rentals within East Falls that have Central Air and it~s a huge selling point! Upside exists by pushing rents past their current rental rates and turning the laundry in the basement to coin operated. Book your appointment now as this property will not last long!!! (Please note: Seller is a licensed Real Estate Agent)
Under Contract
Contingency
$ 105,000
2512 Emerald STREET
Philadelphia, PA 19125
0 Bed / 0 Bath
0 Sq. Ft.
Property Type: Land
MLS® #: PAPH408668
Courtesy of Realty Mark Associates-KOP
Under Contract
Contingency
$ 105,000
2512 Emerald STREET | Philadelphia, PA 19125
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH408668
Land
0
0
0 s.f.
Courtesy of Realty Mark Associates-KOP
Investors !!! Lot for sale in developing Kensington area of the city. There is a lot of activity in the area !! New construction comps less than a quarter mile away are $485k , $474k , $450k etc. Don't miss out !
Under Contract
Contingency
$ 40,000
2524 W Diamond STREET
Philadelphia, PA 19121
Phila (North)
Bed / Bath
0 Sq. Ft.
Property Type: Land
MLS® #: PAPH363178
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 40,000
2524 W Diamond STREET | Philadelphia, PA 19121
Phila (North)
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH363178
Land
0 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
North Philadelphia development opportunity. 17 x 80 Lot Size, RSA5 Zoning. Tile is insurable after 5/2/18. The buyer is responsible for the cost to obtain City Cert
Under Contract
Contingency
$ 474,900
1033 S 8 Th STREET
Philadelphia, PA 19147
Bella Vista
Bed / Bath
2,028 Sq. Ft.
Property Type: Multi
MLS® #: PAPH363284
Courtesy of Aarch Realty
Under Contract
Contingency
$ 474,900
1033 S 8 Th STREET | Philadelphia, PA 19147
Bella Vista
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH363284
Multi
2,028 s.f.
Courtesy of Aarch Realty
Rare opportunity to own a mixed used duplex in the heart of Bella Vista. 1st floor is rented to a mini market tenant. 2nd floor is a bi-level apartment with 2 full baths, 3 bedrooms apartment with a separate room for the living room that can be used as a large 4th bedroom. All occupied and with utilities separated. The property is located on 8th St. between Carpenter St. and Washington Ave. Close to public transportations, friendly bars and delicious restaurants. Half a block away from a free public parking lot. Just settle and start collecting rent. Seller is looking for a cash offer until further notice.
Under Contract
Contingency
$ 179,900
3848 W Girard AVENUE
Philadelphia, PA 19104
Parkside
Bed / Bath
0 Sq. Ft.
Property Type: Multi
MLS® #: PAPH363298
Courtesy of Integrity Real Estate Services
Under Contract
Contingency
$ 179,900
3848 W Girard AVENUE | Philadelphia, PA 19104
Parkside
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH363298
Multi
0 s.f.
Courtesy of Integrity Real Estate Services
None
No listings available.
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© 2014 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Listing information last updated 12/16/2018 at 23:02:54 UTC.

1. Location, Location, Location

Jordan Brody & Co. Philadelphia Real Estate Temple Duplexes

The holy grail of real estate.  We can never say it enough!  Location differs a little bit when purchasing an investment as other factors can be taken into account.  Is it located near a college, public transportation or nightlife?  This may not be of interest when purchasing your primary, however, these tend to be very good qualities when investing.

2. Make it Nice….But Not Too Nice

If you have to renovate make sure you pick quality finishes that can take a beating, however, this is not the time to splurge on a fancy kitchen or exotic hardwood floors.  Go with simple, timeless & tough.

3. Think Long Term

There are more tax benefits & incentives in long term investing.  You will be able to ride out any waves in the market & the passive income produced will help supplement your day job.

4. Be Prepared to Put Down 25-30% in your Down Payment

Banks want investors to have “skin in the game”.  This means that unless you are going to be an owner occupant they will want at least 25% to put down.  If you want to live in one unit & rent out the other, you are considered an owner occupant & can put down as little as 3.5% & go FHA.

5. Look for Value

You can usually score a better deal if you are willing to put a little elbow grease into the property.  Look at the rent rolls…is the property under rented?  With a fresh coat of paint & some fixing up can you get a little more money per unit?

6. Surround Yourself By ProfessionalsPhiladelphia Real Estate Jordan Brody & Co. Investment Properties

Ask for referrals for contractors & make sure they are skilled.  Handymen are great for small fixes, however, you want a good plumber, electrician & HVAC contractor in your pocket.  Good contractors are your best friends & will ensure a broken water heater will not eat up your profits for the next 3 months.  Maintain your properties mechanical systems annually in an attempt to avoid a “disaster”.  Do your research & know what things cost.  Use a Realtor well versed in investment real estate so they can help you crunch the numbers & even help you procure & screen your prospective tenants.

7. Screen Your Tenants!

We always run a credit report on all of our tenants.  It really helps to weed out the potential problem tenants.  Don’t be so desperate to rent that you take anyone!  Having the home vacant for two weeks is less expensive then dealing with a problem tenant or worst case scenario the eviction process.

8. Understand Your Rights as a Landlord

Get a referral for a good real estate attorney who specializes in tenant/landlord disputes as well as the eviction process.  Find out their fees.  Read & research to understand your rights as a landlord.

9. Hire A Good AccountantPhiladelphia Real Estate Jordan Brody & Co. Multi Family

There are many tax benefits to owning investment real estate.  You want to make sure you are being advised properly & make your money work for you.

10. Enjoy the Advantages!

Rental properties can offer a great passive income stream to supplement your day job while working & through retirement.  Make sure you take advantage of the options offered to you!  Pat yourself on the back for helping to secure your financial future.

You can search for multi family real estate right here on our site!

As they say Location, Location, Location. Check out our neighborhood write ups to learn more about Philadelphia’s many neighborhoods.

additional reading:

5 Investment Real Estate Scenarios: Cap Rate vs. Location

What Kind of Down Payment Do You Need To Buy An Investment Property in Philadelphia