When it comes to Philadelphia real estate investments, we at Maxwell Realty practice what we preach.
We understand the Philadelphia real estate investment business and have been buying and selling for our own portfolio for over 50 years. Maxwell Realty Company Inc. knows that financial stability and wealth are created by buying and selling real estate. Our niche, off-market business enables dozens of investors each year to not only fix and flip, but also accumulate critical mass.
Call Maxwell Realty Company, Inc. at (215) 546-6000 and let us help you build your real estate portfolio.
Why Invest in Philadelphia Real Estate?
Savvy investors know that real estate can yield better returns with lower risk than the stock market. Real estate investments also offer greater diversification and even a passive source of income. Buying property in Philadelphia is an attractive way to increase financial security, whether you’re looking for additional income through rental properties, or adding to long-term wealth by flipping homes. There are many ways to approach real estate investment, and now is a great time to do it. The Philadelphia real estate market is hot, meaning inventory is low and prices can be a bit steep, and mortgage and loan rates are incredibly low.
Whether you’re new to investing, or a seasoned investor with a large portfolio, Maxwell Realty is here to partner with you to help you reach your goals. We’ve been selling and renting investment properties in Philadelphia for more than 50 years, and have the knowledge, skills, and connections to help you make the most of your investment.
What Kind of Investor are You?
Investing in real estate in Philadelphia isn’t one-size-fits-all. There are many ways to approach it, depending on what you want to get out of the property. Maxwell Realty can help you create an investing plan that works for you.
Many see investing as a way to receive passive income by renting out their properties to tenants. This can be achieved through purchasing a multi-unit dwelling, or simply renting out a single-family home to a family or group of renters.
Fueled in part by popular programs on TV, one of the most popular ways to invest in real estate today is by flipping homes. “Flipping” means to buy a home or condo that, with a little sweat equity and love, can be sold for more money. Flipping houses requires knowledge of the market and connections to the right people – including real estate agents and reliable contractors – who can make sure the moves you are making will grow your investment in the end.
If you’re not ready to go it alone, or simply lack the financing to invest without help, there are ways to increase your buying power with the help of a group. Whether with friends or family who have similar investment interests, or finding people online through trusted investment groups, your dreams of finding income through real estate can be realized.
Philadelphia Real Estate Investment: Where to Begin?
Before you buy a home or rental property, it’s important to be prepared. Even if you’re investing in it on your own, you don’t want to do it alone. From seasoned experts to advice from those who have done it before, making sure you and your property have the right team will be the key to getting the biggest return on your investment. Here’s who and what you should have on your side when investing in Philadelphia real estate:
The Realtor: A seasoned expert in what sells. Your realtor can help you make the right choices in your fix and flip home because they know what Philadelphia home buyers in the market currently want. Whether it’s helping with finishing design touches or building a list of priorities for things to change, an experienced Philadelphia realtor will know what things to do to maximize your investment.
The Lender: Many real estate investors in Philadelphia choose to finance their purchases, whether flipping homes or purchasing rental properties. Whether you plan to invest in one piece of real estate, or become a frequent real estate investor, you’ll want to build a relationship with a lender that will look out for your best interests.
The Experts: You’re not the world’s first Philadelphia real estate investor, so why venture into this world without some help. Many choose to seek out mentors who have done this before, so they can rely on them for advice, tips, and tricks. There’s no need to repeat anyone’s mistakes! But if you can’t find anyone in real life, there are plenty of online resources – from online classes to videos – that can offer practical advice for Philadelphia real estate investments.
Things to Consider for Your Philadelphia Real Estate Investment
Buying an investment property in Philadelphia can be much like buying a home for yourself. Before you begin your search, you need to be prepared and know what you’re looking for. However, remember this is not an emotional decision. Unless you plan on living in your property while you put in the sweat equity, the decision can be purely driven by the market, the data, and what you expect to get as a return on your investment.
An experienced Philadelphia real estate agent can be a great resource to help you narrow down your wants and needs from a property. Maxwell Realty agents have the market knowledge to help you focus on the right location, the considerations in the current market, and understanding where to add value.
When you’re on the hunt for your next (or first!) real estate investment property in Philadelphia, here are a couple factors to keep in mind:
Location: This is at the top of every home buyers’ lists. Every neighborhood has its pros and cons, including access to transportation, home values, and other amenities. You’ll want to understand what price your neighborhood can demand, and not go above that when factoring in purchase price, improvement costs, and more. Maxwell Realty specializes in some of Philadelphia’s most prized locations, including Center City and Rittenhouse Square.
Property Type: Having a plan for your Philadelphia investment property will dictate what you’re looking for and where to look. Are you trying to flip this house in the shortest possible time? Are you living there and taking time to increase the value over time while putting in sweat equity? Are you looking for a property that is in a location friendly to renters? Or is your rental more geared toward family or multi-unit dwellings?
Ready to Invest in Philadelphia Property? Call Maxwell Realty Today!
If you are ready to talk to a realtor about your investment property; or looking for an experienced partner to sell your Philadelphia property, call Maxwell Realty today. We have more than 50 years of experience helping Philadelphia real estate investors sell their homes, condos, and multi-unit buildings quickly. And our experience, connections, and knowledge of the market mean you’ll get maximum return on your investment.