Allentown, PA investors can buy distressed row houses for $150K–$200K, spend $50K–$80K on rehab, and sell for $280K–$340K.
Snapshot · BiggerPockets Real Estate Podcast
Allentown, PA investors can buy distressed row houses for $150K–$200K, spend $50K–$80K on rehab, and sell for $280K–$340K.
Where this was said
At 31:35 · chapter starts 30:25
Henry Washington doubles down on the secondary exit strategy thesis and picks two interchangeable Pennsylvania markets: Allentown and Reading. Allentown is the lead pick, and its defining asset is an abundance of century-old row houses that are structurally deteriorated and waiting for a skilled flipper. [1] — Henry Washington "Allentown's stock of 1920s–1970s row houses lets investors buy distressed for $150K–$200K, spend $50K–$80K on renovations, and sell for $28…" 30:20 The numbers are refreshingly clean: buy distressed for $150,000–$200,000, spend $50,000–$80,000 on renovation, and sell for $280,000–$340,000. No luxury finishes, no high-risk large-scale gut jobs — just affordable housing supply meeting a market of buyers who work at Amazon and Walmart warehousing facilities that have made Allentown a logistics hub. Population and job growth are both trending upward. Reading, slightly further from Allentown toward Philadelphia, hasn't boomed yet but is Washington's 'next up' pick — similar fundamentals, slightly less competition, and in a corridor where investors can still get in ahead of the wave.
In Murfreesboro, Tennessee, homes average 28 days on market, with 30% selling within the first week if priced correctly.
Murfreesboro captures Nashville's population overflow with 5% annual price growth and a sweet spot of 1990–2010 homes that are structurally sound but cosmetically dated — no gut jobs required. Thirty percent of correctly priced homes sell within a week.
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