About six weeks I posted a blog entry about Stephanie and I buying an investment property in Bridesburg (Philadelphia Real Estate) - see Investment Property in Bridesburg .   

Our goal was to have the property updated and rented by August 1st.   We have the property fully updated - we received an application yesterday from a very nice couple who want to move in July 24th.   So we were really close to accomplishing the goal.

The property took a little longer to get ready.  We made the decision to have central air installed at the property now instead of later.  That increased our rennovation costs by several thousand dollars but the decision was based on getting a little bit more monthly rent as well as a more qualified tenant at the same time.  Further, in this part of Bridesburg, it is pretty common to have central air at the property.

In our prior entry, we forgot to take pictures of our "before" property but below are two of the "after" .  We posted these photos along with a description on Craigslist and had several showings immediately.  We hope to wrap up everything with this couple in the next week.  They are a perfect fit for the property - we really hit it off with them during the showing as well.

We love investment properties !  Investing in real estate, in our opinion, is a great way to diversify a portfolio geared for retirement as well as protecing and growing one's wealth.

If you are interested in investment properties in Philadelphia and Philadelphia Real Estate, please contact Chris and Somers Stephanie Somers at 215-400-2612.  Visit our site and our blog !

Philadelphia Realtors - Chris and Stephanie Somers

Philadelphia Real Estate Blog

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