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decentchinesefood t1_iuhkjie wrote

Realtor here! Been lucky to help folks move to Philly this month from Texas (my fifth client from the Lone Star State this year), Maryland, and LA! Mix of renting and buying.

Here for any and all questions. My latest inquiries on Reddit have been about rising interest rates (and how to workaround them), how to take advantage of a slowing rental market, and how much the Sopranos house recently sold for ($3.4MM).

Fire away! Love y'all.

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Basique_b t1_iuiz785 wrote

Dope, I just moved from Texas too šŸ˜†

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IHave2FirstNames__ t1_iui7c0z wrote

Thinking about relocating from Ohio. We're interested in finding a place that needs a bit of work with the intent of renovating and selling/renting. What are some areas that are on their way up?

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decentchinesefood t1_iuikcjq wrote

My answer depends on what you mean by "a bit of work". If you're talking cosmetic upgrades like swapping cabinets and ripping out carpet, then OK. My clients that fix/flip or buy/hold tend to target Mt. Airy, West Philly, and Fishtown for this type of job.

If you truly want to renovate, you're talking about updating the systems (plumbing, electrical), the windows, etc. You're replacing 80% of the bathroom and kitchen. If you're going to do that, you're going to make a decent return on any rentable Philly neighborhood.

FWIW - many buyers who tell me they intend to "renovate" really mean some cosmetic upgrades.

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drumgrape t1_iuiw5qp wrote

Anyone have an opinion on apartment complexes in Manayunk? Iā€™m interested in The View.

Also was wondering if people have strong opinions for/against living right next to the train station in Manayunk (apartment would be ground floor). Thank you!

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Brahette t1_iujb7bi wrote

> Also was wondering if people have strong opinions for/against living right next to the train station in Manayunk (apartment would be ground floor).

I'm assuming you mean the Manayunk train station and not Ivy Ridge or Wiss? I used to live right behind the Manayunk station and tbh the station never bothered me, moreso being so close to Main St was more of a problem because you'd have lots of loud drunk people after the bars let out. It was never a big issue for me still, but expect lots of trash, beer bottles, red solo cups, etc.

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drumgrape t1_iujbe1l wrote

Ok thank you! Ya the Manayunk train station. Were you on a lower floor?

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