4 Misconceptions People Have About Buying Investment Properties in Philadelphia

Who me? Invest in real estate? I can’t imagine buying investment properties in Philadelphia!

Regrettably, you may miss your chance to provide a comfortable retirement for yourself because of myths that have convinced you real estate investing isn’t for you. 

We’re here to let you know; anyone can invest in real estate. To that end, we will dispel four of the misconceptions people have about buying investment properties in Philadelphia.

Real Estate Agents

One of the first misconceptions about buying investment properties in Philadelphia is the need for a real estate agent. However, there are many other ways to purchase a property. One advantage of working without a buyer’s agent, the seller won’t be paying as much in commission, which allows you to negotiate for a discount on the sales price. Of course, you’ll have to locate the best property for your budget and practice due diligence to ensure a wise investment. Another option is to work with professional investors like those at Philly RE Holdings, who will help guide your investments without charging commissions.

Financial Status

Another common misconception people have about buying investment properties in Philadelphia is that you need a lot of money. While making a down payment will lower your overall costs in the long term, there are many creative solutions to help overcome any financial deficit or credit issue you may face. In addition, a traditional mortgage loan isn’t the best fit for every investor. Many types of lending businesses exist to fulfill this purpose. If you’re feeling overwhelmed by the hurdles you believe are keeping you from investing, consider working with seasoned professional investors like those at Philly RE Holdings who have helped hundreds of new investors find a way to get started.

Too Hard

People have an additional misconception about buying investment properties in Philadelphia, believing it will require too much work to make the property viable. However, you don’t have to invest your elbow grease flipping properties to be successful at real estate investing unless you want to, and Philly RE Holdings can help you find a fixer-upper or a turnkey property. At Philly RE Holdings, we understand the importance of listening, so we know where to begin searching for the perfect investment property for your circumstances. Then, with our steady inventory of investment properties, Philly RE Holdings may have the right one right at our fingertips.

Too Risky

Among the misconceptions that people have about buying investment properties in Philadelphia

Is the belief that it’s risky – it’s not when you run the numbers correctly. On the contrary, Philly RE Holdings can help you find the right location, negotiate for the right price, ensuring the best return on your real estate investments. Real estate, unlike stocks, offers several sectors allowing for diversity and rent increases with the cost of living, acting as a hedge against inflation for your monthly cash flow. In addition, real estate is a tangible asset that will always hold value. As a long-term investment, you can build significant wealth through equity; savvy investors utilize this to leverage their holdings; through careful strategies and reliable help, there is no limit to the growth potential. In addition, Philly RE Holdings has a full-service team ready to manage your real estate properties and keep you in the know on changes in the market.

Let Philly RE Holdings help you achieve your retirement goals. 

Changing your mindset about the prospect of investing in real estate can change your future for the better, and the professional investors at Philly RE Holdings want to see you succeed. At Philly RE Holdings, we can help you overcome whatever may be holding you back from getting started, including the misconceptions that many people have about buying investment properties in Philadelphia. Call Philly RE Holdings at 215-608-1807 or send us a message to learn more.

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