LendingOne is an Philadelphia private money lender offering short-term mortgage loans to real estate investors in Allentown, Erie, Philadelphia, Pittsburgh. Get a private money loan for a property purchase, refinance, equity cash out,
rehab or new construction purchase.
Get ahead of the competition in the Philadelphia real estate market. Speak to a Investment Property expert today by calling 866-918-1974
Probably the most crucial question for any real estate investor is how to evaluate a property’s fix-n-flip potential. This is where the rubber meets the road and what separates those who make money from those who don’t in Philadelphia, PA.
There are a few key points to consider before you put ink on any real estate deal. Those points include knowing how to spot true comps, seeing where you’ll add value, and building a good sense of what makes a property attractive to a buyer.
Measuring the foreclosure trends for Philadelphia, PA is always an important strategy when analyzing the market for real estate Investment property loans. Look at the stats on how many Investment property loans are in pre-foreclosure, have a status of auctioned, or are bank owned before making any determinations on whether Philadelphia, PA is a good investment opportunity.
It is equally important to review the sales prices for homes in Philadelphia, PA. Knowing whether it is a buyers’ or sellers’ market is essential when considering an Investment property loans because the demand for housing will ultimately influence your list price once you are ready to sell.
Looking at the past trends for the rental market in Philadelphia, PA, especially rent prices, is useful for investors interested in a buy and hold long-term Investment property loans. Usually a rise or fall in rent prices is a good indicator of how strong or weak the rental market has been for Philadelphia, PA over the past couple of years.
Education: Philadelphia is home to one of the highest educated workforces in the country, greatly due in part to the surrounding top ranking schools in the Philadelphia, PA area.
Economy: Philadelphia‘s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the Philadelphia Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.