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It's bus trips like this (and there are many more) that bring the NY'ers down to Philly to look at rental properties. Once they've toured North Philly and SW Philly and realize the rehabs and neighborhoods are not worth it, they come back and tour Lower NE. I actually saw one of these buses a while back.
Philly Rehab Bus Tour [top] Saturday, May 31, 2008 Location: 520 8th Ave. (between 35 & 36 St.) Manhattan, NY Time: 7:00 am Cost: $119.00 Get an inside look at one of the best cash flow producing markets in the country, and learn how you too can profit from Philadelphia's low cost housing stock. Join Sharron Thomas and her team at Realty Executives Brown & Hope, for an exclusive tour at some of the hottest cashflow zip codes in the city of Philadelphia, and learn how to profit from Rehab opportunities. This Tour will include: Northern Philadelphia Southwest Philadelphia Home Inspector tutorial Property Visits Repair Costs Tutorial Answers about Section 8 and Insurance Schedule: 7:00AM Bus Departs at 520 8th Ave. Manhattan 9:30AM Arrive in Philadelphia, Tour Begins 4:30PM Depart Philadelphia, Return Home For Questions, contact Sharonn Thomas at 215-669-4470 You will see for yourself, whether or not these cash flow investments fit into your plans for your real estate portfolio. Host: Sharonn Thomas Sharonn Thomas is a Realtor at Realty Executives Brown & Hope, an active investor in Philadelphia and New Jersey, and the preferred Philadelphia Realtor for NYC Cashflow members
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If this is true, let's find out where they will be 'shopping' and we can all band together and show up to welcome them properly. I'm sure we would be able to get through to them loud and clear that we will be their worst nightmares should they choose to buy property in our neighborhood, rent it to low-life tenants, and not maintain it properly. Several years ago, when the house next door to me was up for sale, I made every effort to be out front when prospects came looking. I made sure to let them know what their prospective neighbors expected of absentee owners. They all moved on to other properties and I ended up with a neighbor who is an owner who lives in the property. This is what you have to resort to when you choose to stay in your home instead of being run out of town.
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"Public opinion is a weak tyrant, compared with our own private opinion." Henry David Thoreau, 1854 If you're not part of the solution, there's a good chance you're part of the problem. |
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You can check out the website that this bus is being sponsored by. They have a forum - but you need to sign up to view or participate in it. www.nyccashflow.com
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Just take notice: when you are driving around on the weekends, ever get behind a car with NY plates? Full of Asian people looking like they're lost? It's happened to me quite a few times.
They're looking for properties, and looking at the neighborhood...and probably lost!! I usually lay on the horn, scare the crap out of 'em..and keep driving. Welcome to Philly!!
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United we stand. Divided we fall. |
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