Philadelphia is becoming one of the most favored for real estate investment destinations in the United States, shares senior project manager Dan Hirshout of National Realty Investment Advisors, LLC. As the largest city in the Commonwealth of Pennsylvania, and including extensive tax advantage and equity profit advantages, Philly is attracting real estate investors from all over The States.
In this blog post, National Realty Investment Advisors, LLC shares the reasons behind the property rush to Philadelphia.
Only US city with no property tax on new construction
Philadelphia holds the distinction of being the only major city in USA that starts with a low tax base and then includes zero property tax by law on new construction properties. This means your rents will flow directly to your bottom line because you don’t have to pay any substantial property tax on a 100% new construction home.
Stable housing market & service economy
Philadelphia has a stable housing market and a strong service economy. The city is home to graduate schools, medical colleges, dental schools, federal, state, and county government offices as well as three major pharmaceutical firms and hundreds of law & accounting firms. This expanding service economy gives Philadelphia a steady supply of well employed individuals looking for quality rental homes. Corroborating this fact, is the interesting demographic that 52% of the people who work in downtown Philadelphia live right there in Center City extended ZIP Codes of Philadelphia. This is one of the only cities in the United States with this preponderance of workers living where they are employed.
A city promising best of everything
Philadelphia is one of the most commutable cities in the U.S.A. It has jobs, low energy costs, extensive restaurants and entertainment, lack of reliance on automobiles, great walk ability and lower utility & insurance costs than the suburbs.
Best real estate investment destination
For real estate investors in the U.S.A, Philadelphia offers the best long term returns, safety & landlord laws. With no property tax for 10 years to interfere with your high rents and expert investment managers from National Realty Investment Advisors, LLC, investors make very profitable secure investments that come with no headaches.
Guaranteed rents from National Realty property managers who professionally manage every aspect of your home take the pressure off investors because your income properties are in one of the hottest rental markets in the country. For example, there is only a 3% vacancy rate in downtown city neighborhoods for the exclusive luxury townhome rentals that NRIA builds for you.
Why not call and entertain some conversations and due diligence with the experts at National Realty Investment Advisors, LLC. You will derive maximum investment returns from their safe high equity secured properties and you will enjoy the booming real estate market of Philadelphia. Call at 201.210.2727 to speak with expert heir property managers and learn more about this unique absentee ownership & property management plan.