Why Female Investors Should SERIOUSLY Consider The Philadelphia Real Estate Market – The Pros and Cons

Why Female Investors Should SERIOUSLY Consider The Philadelphia Real Estate Market – The Pros and Cons

As a Real Estate Coach and Growth Strategist, I have become a "data-driven/numbers gal," but today I'm going to generalize female investors. Women like to have all the information before they take the plunge and invest. Still, statistics show that once we're comfortable with the numbers and feel confident that we know what we're doing, we make phenomenal investors!

This week on the Women, Wealth, and Impact Podcast, I share the pros and cons of investing in the Philadelphia market from all angles to help investors identify the best opportunity for them. 

Let's zero in on some of the pros and cons needed to run a Rental Property Business in Philadelphia successfully. You'll benefit from this article if you're a new or aspiring investor. 

Keep reading to learn about the opportunities available in the city of brotherly love.

One major pro of investing in Philly's real estate is the low entry cost. You've probably read that home prices are increasing, but compared to other cities, the cost to purchase property is relatively low. This means that you can get more bang for your buck in investing.

Additionally, the Philadelphia Housing Authority (PHA) recently released 10,000 vouchers for tenants to have rent-stabilized housing! If you're considering becoming an investor waiting isn't an option, as new opportunities come and go every day. The longer you wait, the less likely you will get the best deal.

While Philly is rich with deals, I'm not here to sell you a dream. There are some drawbacks to investing in real estate in Philadelphia. 

In this week's episode of The Women, Wealth, and Impact Podcast, I detail a few things you should consider before investing, primarily since this city is known for being "tenant friendly ."Tenant-friendly cities aren't necessarily bad, but it's important to understand the laws and regulations that come along with investing in these areas.

One last tip I have when investing in Real Estate in Philadelphia, or any other city, is to learn how to evaluate properties properly. Evaluating properties is the key to success when investing in Real Estate. Understanding a property's location, market trends, and the numbers surrounding the deal is essential. The more you know, the better off you will be in the long run.

Additionally, connecting with a team of professionals such as a Real Estate Agent, contractors, and a community is always beneficial. When starting, it is invaluable to connect with a community of like-minded women who understand what it takes to succeed in this field. If you're looking for a community, consider joining The Women Who Build Wealth Community.