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: $24 to $3,500,000 Price Average: $422,639
Size Range: 100 to 552,275 Sq. Ft. Size Average: 5,980 Sq. Ft.
Gallery List Map
1 18 of 732
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Under Contract
Contingency
$ 500,000
759 S 8TH STREET
Philadelphia, PA 19147
BELLA VISTA
4 Bed / 3/2 Bath
3,066 Sq. Ft.
Property Type: Multi
MLS® #: 7254177
Courtesy of SPACE & COMPANY
Under Contract
Contingency
$ 500,000
759 S 8TH STREET | Philadelphia, PA 19147
BELLA VISTA
MLS® #
Property Type
Beds
Baths
Square Ft
7254177
Multi
4
3/2
3,066 s.f.
Courtesy of SPACE & COMPANY
Location! Location! Location! GREAT INVESTMENT opportunity! Rarely offered 18' wide four unit MULTI-USE/FAMILY in the heart of Bella Vista, in the Meredith Catchment, just steps from everything Bella Vista has to offer. The Italian market, Sabrina's Caf~, Whole Foods, Starbucks, Cianfrani Park, ALL just steps from your front door. All units have separate utilities. UNIT 1: Store front/studio was rented for $600.00 per month but currently vacant (Needs a little TLC). UNIT 2: First Floor Rear - 1 bedroom 1 bath with patio, front and rear entrances, updated kitchen and basement laundry. UNIT 3: Second Floor Rear Bi-level - Large 1 maybe 2 bedroom unit with high ceilings, great light and rear balcony/deck(currently under construction so still time to customize). Second Floor Front Bi-level - 2 bedroom 1.5 bath, W/D in unit and fully renovated three years ago. Most windows have been replaced and roof has pilot house access with AMAZING sky line views for future roof deck. SHOWING BEGIN at the first public Open House this Sunday from 12-2pm! 48 Hour notice required after open house.
Under Contract
Contingency
$ 799,950
511 S 13TH STREET
Philadelphia, PA 19147
WASHINGTON SQ WEST
6 Bed / 3 Bath
2,857 Sq. Ft.
Property Type: Multi
MLS® #: 7254249
Courtesy of Houwzer LLC
Under Contract
Contingency
$ 799,950
511 S 13TH STREET | Philadelphia, PA 19147
WASHINGTON SQ WEST
MLS® #
Property Type
Beds
Baths
Square Ft
7254249
Multi
6
3
2,857 s.f.
Courtesy of Houwzer LLC
Perfect investment opportunity at this 2 unit 6 bedroom multi unit located in the most perfect location in Center City at 13th and Locust Streets in highly popular Washington Square West, just steps away from all the amenities of Center City. All rooms currently are rented by room to maximize revenue. Unit A features a multi story layout with 4 bedrooms, 2 bathrooms and roofdeck with Center City views. All bedrooms are spacious and flooded with natural light and tall ceilings. An open and lofty living area features ornamental brick fireplace, and the galley kitchen maximizes space. Unit B features 2 bedrooms and 1 bathroom, with a 2 story configuration with partial finished lower level living space. Property improvements include new roof, resurfaced exterior wall, new hardwood floors in Unit A, kitchen improvements, new heater and washing machine Unit A, new hot water heater Unit B, light installation at stairwell and partial finished lower level with Unit B for additional living space. The location of this property cannot be beat, just steps from Broad Street and all SEPTA routes. Do not miss this opportunity schedule an appointment today!
Under Contract
Contingency
$ 99,900
2016 N 32ND STREET
Philadelphia, PA 19121
STRAWBERRY MANSION
3 Bed / 3 Bath
2,640 Sq. Ft.
Property Type: Multi
MLS® #: 7253998
Courtesy of HomeSmart Realty Advisors
Under Contract
Contingency
$ 99,900
2016 N 32ND STREET | Philadelphia, PA 19121
STRAWBERRY MANSION
MLS® #
Property Type
Beds
Baths
Square Ft
7253998
Multi
3
3
2,640 s.f.
Courtesy of HomeSmart Realty Advisors
Under Contract
Contingency
$ 750,000
3604 BARING STREET
Philadelphia, PA 19104
UNIVERSITY CITY
5 Bed / 2/1 Bath
3,285 Sq. Ft.
Property Type: Multi
MLS® #: 7254418
Courtesy of Compass Pennsylvania, LLC
Under Contract
Contingency
$ 750,000
3604 BARING STREET | Philadelphia, PA 19104
UNIVERSITY CITY
MLS® #
Property Type
Beds
Baths
Square Ft
7254418
Multi
5
2/1
3,285 s.f.
Courtesy of Compass Pennsylvania, LLC
Spectacular character and detail in the spacious duplex with private entrances. 12' plus ceilings, original hardwood floors, stunning wood and plaster work. Original windows and leaded stained glass. A solid investment in a red-hot neighborhood or a large, gorgeous residence and collect rental income from the second unit. One unit is a grand bi-level 3 bedroom, 1.5 bath with family room/library. High ceilings and original character throughout. Dining room. Big, modern kitchen with French doors to a nice patio and yard. Half bath on the 1st floor. 2nd floor has 11' ceilings, the same beautiful random width hardwood floors, and 3 large bedrooms, one full tile bath. Beautiful moldings. One bedroom has a gorgeous mantle and another has an original marble sink. Big basement for storage and washer/dryer. The other unit is the full 3rd floor--a 2 bedroom, 1 bath apartment. The original character continues. Just beautiful. Both units have private entrances and are separately metered for electric (heat and water are common). Though split into two fully distinct residences, they do connect through an interior doorway (which is kept locked), so with minimal effort, the building could be used as a 6 bedroom plus family room, 2.5 bath home with 2-zone central air. Excellent location on a wonderful tree-lined street in Powelton Village. Powel School Catchment. Close to Drexel University and all that University City and Center City have to offer. NOTE: Legally zoned as a duplex.
Under Contract
Contingency
$ 340,000
1540 WHARTON STREET
Philadelphia, PA 19146
NEWBOLD
Bed / 0 Bath
2,416 Sq. Ft.
Property Type: Commercial
MLS® #: 7253357
Courtesy of Coldwell Banker Preferred-Old City
Under Contract
Contingency
$ 340,000
1540 WHARTON STREET | Philadelphia, PA 19146
NEWBOLD
MLS® #
Property Type
Beds
Baths
Square Ft
7253357
Commercial
0
2,416 s.f.
Courtesy of Coldwell Banker Preferred-Old City
A rare find in Newbold, mixed use property with storefront, and a one bedroom apartments rents for $675 and a 2 bedroom apartment renting for $700 month. Apartments are currently rented one lease ends September 30,2018 the other lease ends April 2019. Store lease ended few months ago. Property needs some work but has very good bones. Please schedule your appointment today I will have groups tours for privacy of tenants. Showing Friday Sept. 21 at 2:00pm
Under Contract
Contingency
$ 54,900
2911 GERRITT STREET
Philadelphia, PA 19146
GRAYS FERRY
Bed / Bath
0 Sq. Ft.
Property Type: Land
MLS® #: 7253706
Courtesy of Quality Real Estate-Broad St
Under Contract
Contingency
$ 54,900
2911 GERRITT STREET | Philadelphia, PA 19146
GRAYS FERRY
MLS® #
Property Type
Beds
Baths
Square Ft
7253706
Land
0 s.f.
Courtesy of Quality Real Estate-Broad St
Hot area at low price ! Cheapest in Grays Ferry !
Under Contract
Contingency
$ 395,000
2055 E DAUPHIN STREET
Philadelphia, PA 19125
FISHTOWN
Bed / Bath
0 Sq. Ft.
Property Type: Land
MLS® #: 7253509
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 395,000
2055 E DAUPHIN STREET | Philadelphia, PA 19125
FISHTOWN
MLS® #
Property Type
Beds
Baths
Square Ft
7253509
Land
0 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Now is your opportunity to build your dream home or subdivide and build two homes in one of the hottest blocks in Fishtown/ East Kensington. This massive 27x 85 lot offers perfectly manicured grounds on a rectangular lot. The entry has a double curb cut for two car parking which is currently gated. Build your dream home with 2 car garage and massive backyard or build two home with front pad parking and very nice backyard space. Homes in immediate area are selling for $525+ with no parking! Lot can also be purchased with 2053 E Dauphin Street, which is a beautifully appointed home with so much charm. Buy both and have 2 car parking and one of the nicest yards in Philadelphia! Drive by not and schedule your walk of the site.
Under Contract
Contingency
$ 2,500
720 SANSOM STREET #1ST FL
Philadelphia, PA 19106
WASHINGTON SQ WEST
Bed / 0 Bath
3,488 Sq. Ft.
Property Type: Commercial
MLS® #: 7253502
Courtesy of Century 21 Target Realty
Under Contract
Contingency
$ 2,500
720 SANSOM STREET #1ST FL | Philadelphia, PA 19106
WASHINGTON SQ WEST
MLS® #
Property Type
Beds
Baths
Square Ft
7253502
Commercial
0
3,488 s.f.
Courtesy of Century 21 Target Realty
Newly renovated building with 1 floor available for rent. Formerly a jewelry store, but can be used for many uses. The approximate square footage is 650 sf. Currently have safe and some showcases that can be negotiated for sale.
Under Contract
Contingency
$ 679,900
2130-32 E ALBERT STREET
Philadelphia, PA 19125
FISHTOWN
Bed / Bath
0 Sq. Ft.
Property Type: Land
MLS® #: 7252838
Courtesy of RE/MAX Millennium-Huntingdon Valley
Under Contract
Contingency
$ 679,900
2130-32 E ALBERT STREET | Philadelphia, PA 19125
FISHTOWN
MLS® #
Property Type
Beds
Baths
Square Ft
7252838
Land
0 s.f.
Courtesy of RE/MAX Millennium-Huntingdon Valley
ATTENTION ALL INVESTORS/BUILDERS/DEVELOPERS! Here is your chance to own 4 lots and Build homes in Forbes HOTTEST neighborhood in America. If you are looking for an immediate project here is your shovel ready chance. 2130 E. Albert& 2132 E. Albert has been subdivided into four lots. The current owner has approved building plans drawn up for each lot , valued at $8,000 per lot. Bring your crew and start building. There is no time to waste
Under Contract
Contingency
$ 95,000
4140 PARRISH STREET
Philadelphia, PA 19104
PHILA (WEST)
3 Bed / 3 Bath
1,725 Sq. Ft.
Property Type: Multi
MLS® #: 7253629
Courtesy of RE/MAX @ HOME - Philadelphia
Under Contract
Contingency
$ 95,000
4140 PARRISH STREET | Philadelphia, PA 19104
PHILA (WEST)
MLS® #
Property Type
Beds
Baths
Square Ft
7253629
Multi
3
3
1,725 s.f.
Courtesy of RE/MAX @ HOME - Philadelphia
Excellent Opportunity to renovate building into a money making triplex in Belmont Area of West Philly. This property qualifies for the Qualified Opportunity Funds by the US treasury in The tax Cuts and Jobs Act of 2017- . Lot Dimensions: 16 x 82.5 Bldg SQ FT: 1725 Zoning: RM-1.
Under Contract
Contingency
$ 60,000
3211 LATONA STREET
Philadelphia, PA 19146
GRAYS FERRY
Bed / Bath
0 Sq. Ft.
Property Type: Land
MLS® #: 7252616
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 60,000
3211 LATONA STREET | Philadelphia, PA 19146
GRAYS FERRY
MLS® #
Property Type
Beds
Baths
Square Ft
7252616
Land
0 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Vacant lot measuring 14x42.50 in developing area of South Philadelphia/Grays ferry. Buy now and hold or build now and sell/rent. Convenient to University of Pennsylvania/Schuylkill Expressway/Center City and more!
Under Contract
Contingency
$ 295,000
1220 N 29TH STREET
Philadelphia, PA 19121
ART MUSEUM (BREWER
Bed / 0 Bath
2,499 Sq. Ft.
Property Type: Commercial
MLS® #: 7252816
Courtesy of Long & Foster - Herling
Under Contract
Contingency
$ 295,000
1220 N 29TH STREET | Philadelphia, PA 19121
ART MUSEUM (BREWER
MLS® #
Property Type
Beds
Baths
Square Ft
7252816
Commercial
0
2,499 s.f.
Courtesy of Long & Foster - Herling
An income leveraging investment property in up and running Brewytown. First story has a kitchen and a bathroom, second floor has two bedroom and 1 full bathroom, and the third floor also has two bedroom and a full bathroom. Three different meter installed for each tenant. One of the partner is PA real estate licensed.
Under Contract
Contingency
$ 2,300,000
135-141 W GIRARD AVENUE
Philadelphia, PA 19123
NORTHERN LIBERTIES
Bed / Bath
0 Sq. Ft.
Property Type: Land
MLS® #: 7251971
Courtesy of Keller Williams Realty Center City
Under Contract
Contingency
$ 2,300,000
135-141 W GIRARD AVENUE | Philadelphia, PA 19123
NORTHERN LIBERTIES
MLS® #
Property Type
Beds
Baths
Square Ft
7251971
Land
0 s.f.
Courtesy of Keller Williams Realty Center City
Attention builders and developers, this is a amazing opportunity to acquire two large CMX3 corner parcels that sit across the street from each other in the epicenter of development right along Girard Ave, in Old Kensington, positioned diagonally across from the future site of Bart Blatstein's Piazza Terminal, and just up the street from the Girard Ave El stop, Fishtown, and across the street from Northern Liberties, other large scale developments coming along 2nd ave as well. The pricing only reflects the parcel located at 135-141 W Girard, 143-147 W Girard is also available for 1.55
Under Contract
Contingency
$ 1,550,000
143-147 W GIRARD AVENUE
Philadelphia, PA 19123
NORTHERN LIBERTIES
Bed / Bath
0 Sq. Ft.
Property Type: Land
MLS® #: 7251967
Courtesy of Keller Williams Realty Center City
Under Contract
Contingency
$ 1,550,000
143-147 W GIRARD AVENUE | Philadelphia, PA 19123
NORTHERN LIBERTIES
MLS® #
Property Type
Beds
Baths
Square Ft
7251967
Land
0 s.f.
Courtesy of Keller Williams Realty Center City
Attention builders and developers, this is a amazing opportunity to acquire two large CMX3 corner parcels that sit across the street from each other in the epicenter of development right along Girard Ave. in Old Kensington, positioned diagonally across from the future site of Bart Blatstein's Piazza Terminal, and just up the street from the Girard Ave El stop, Fishtown, and across the street from Northern Liberties, other large scale developments along 2nd ave as well. The pricing only reflects the parcel located at 143-147 W Girard, 135-141 W Girard is also available for 2.3.
Under Contract
Contingency
$ 159,000
1606 W SUSQUEHANNA AVENUE
Philadelphia, PA 19121
TEMPLE UNIVERSITY
6 Bed / 3 Bath
2,106 Sq. Ft.
Property Type: Multi
MLS® #: 7252247
Courtesy of Quality Real Estate-Broad St
Under Contract
Contingency
$ 159,000
1606 W SUSQUEHANNA AVENUE | Philadelphia, PA 19121
TEMPLE UNIVERSITY
MLS® #
Property Type
Beds
Baths
Square Ft
7252247
Multi
6
3
2,106 s.f.
Courtesy of Quality Real Estate-Broad St
Great investment for investors. Needs construction. Recently framed. Previously used as 2 unit with first floor commercial store front. Huge potential to generate income, Close to Temple university collage and Medical area. Being sold in as is condition. Buyer responsible for clearing U&O and clearing of any violations (If any) Enter with Caution, Do Not walk on Patio, may be dangerous. Motivated seller. This listing won't last.
Under Contract
Contingency
$ 100,000
2501 SHARSWOOD STREET
Philadelphia, PA 19121
BREWERYTOWN
Bed / Bath
0 Sq. Ft.
Property Type: Land
MLS® #: 7251844
Courtesy of LYL Realty Group
Under Contract
Contingency
$ 100,000
2501 SHARSWOOD STREET | Philadelphia, PA 19121
BREWERYTOWN
MLS® #
Property Type
Beds
Baths
Square Ft
7251844
Land
0 s.f.
Courtesy of LYL Realty Group
Located in the heart of Brewerytown's development surge, this 15.5 X 52.7 lot is a newly subdivided property recognized by the City as 2501 Sharswood Street. The former owner sold the lot upon which a one story garage stands. The garage is attached to the back of his property and sealed. The garage is a tear down(roof is missing) See pictures of the lot. Tax assessment is pending with OPA. Please drive by the lot - there is no access to the garage.
Under Contract
Contingency
$ 139,900
1310 N 24TH STREET
Philadelphia, PA 19121
BREWERYTOWN
Bed / Bath
0 Sq. Ft.
Property Type: Land
MLS® #: 7252944
Courtesy of BHHS Fox & Roach-CC Rittenhouse Hotel
Under Contract
Contingency
$ 139,900
1310 N 24TH STREET | Philadelphia, PA 19121
BREWERYTOWN
MLS® #
Property Type
Beds
Baths
Square Ft
7252944
Land
0 s.f.
Courtesy of BHHS Fox & Roach-CC Rittenhouse Hotel
Prime Location & a Great Buy in booming Brewerytown, One of the Hottest areas in Philadelphia! This lot is zoned RM1 which will allow you to build a multifamily unit or condos. Don't miss the opportunity to own this wonderful land all within reach to local colleges & universities, residents enjoy the rich Philadelphia culture; numerous local restaurants, unique retail stores, the Philadelphia Art Museum, Avenue of the Arts, Boathouse Row, and so much more. Take a look today before this opportunity is sold!
Under Contract
Contingency
$ 425,000
102-8 W SEDGWICK STREET
Philadelphia, PA 19119
MT AIRY (WEST)
7 Bed / 4 Bath
3,196 Sq. Ft.
Property Type: Multi
MLS® #: 7251769
Courtesy of Elfant Wissahickon-Chestnut Hill
Under Contract
Contingency
$ 425,000
102-8 W SEDGWICK STREET | Philadelphia, PA 19119
MT AIRY (WEST)
MLS® #
Property Type
Beds
Baths
Square Ft
7251769
Multi
7
4
3,196 s.f.
Courtesy of Elfant Wissahickon-Chestnut Hill
Exceptional turn-key investment opportunity in West Mount Airy, where the numbers work for an owner occupant or landlord. Units and building are well maintained by a long-term owner. Each unit has a private entryway, and common space is limited and therefore easily and affordably maintained by owner. Location is ideal for any tenant with shopping, restaurants, cafes, library, parks, rec center and public transportation all within a few short blocks. Showings will be limited based on per-approved tenant availability.
No listings available.
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© 2014 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Listing information last updated 09/21/2018 at 04:16:15 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