Why Philadelphia 2010
If you want to make cash flow at the end of each month with your investment properties then invest in Philadelphia Real Estate. The numbers don’t lie.
For years now Philadelphia has been a magnet City for Real Estate Investors, Developers, Corporations looking to relocate, Businesses, Medical Institutions and Major Universities. Philadelphia has enjoyed a stabilization of its population and is now for the first time in decades witnessing a population increase. The increase has pushed city government, business owners and area developers to improve the quality of living in the City in order to keep the influx flowing in.
Modern developments, energy efficient designs, modernization of the public transportation system, enhanced bike paths, and quality of living incentives have made Philadelphia a top choice for people looking to move to a new City.
Click Here and Compare Philadelphia to 2 Other Major East Coast Areas.
On average 3.5 New Yorkers relocate to Philadelphia per day. The influx of out-of-town new occupants is primarily due to a lower cost of living for a substantial and appealing lifestyle. With over 236 outdoor cafes, three major sports arenas for 4 major sports teams, an international airport, major highways, a bustling public transportation system and an amazing cultural center throughout the City it is no wonder that Philadelphia has become an iconic relocation hub in the North East United States.
Philadelphia has also enjoyed a stable appreciation of its Real Estate Market. Accompanied by a low tax base, Philly has made Cash Flow Investing and earning a profit from your real estate portfolio a reality again. In some cases the real estate investments in Philadelphia are 75% lower then some its neighboring cities and states. And when you are an out of town investor you have to seek investments that give you the most for your money. In the past 5 years we’ve witnessed changes in neighborhoods that equate to a 70% improvement in many cases. Opportunity to purchase the right deals at the right price in the best areas for your money still exist as long as you’re with the right investment company in the City.
Stable institutions such have contributed to the employment industry in the City.
Here are some figures on major employers and how many they employee in Philadelphia - Federal Government (32k), City Government (27k), School District (23k),University of Pennsylvania (14,300), Jefferson Health Systems (14,300), Commonwealth of PA (11,100), SEPTA Transportation System (8,500) Upenn Health System (8,300), Temple University (7,000), Temple Health System (7,000), and many others such as US Airways, American Express, Wachovia, AMTRAK, Sunoco, CIGNA Corporation, Comcast, Drexel University.
The City has also taken the initiative and joined the real estate development race. Large parcels of land are now vibrant communities and homes for families. Closed down avenues are bustling commercial corridors and the tourist industry helps drive an additional 5 Million people to the City. As of 2008 Philadelphia surpassed Boston as the historical capital of the United States.
There are many factors assisting with the immediate development and incredible growth of the City. Here are a few
- Condos, Single Family and Complexes have been Created.
- Factory to Loft Conversions.
- Explosive Demand for the Condo Market.
- Developers incentives supported by a 10 year Tax Abatement Program for active investors and organizations.
- A new energy where young professionals have moved back to the City from the suburbs.
- A vibrant modern arts, nightlife, and social environment.
- 4 Major sports teams with 3 major stadiums (Wachovia Center, Comcast Center, Lincoln Financial Field).
- Philadelphia International airport, major highways (1-95), and a strong public transportation system (SEPTA).
- One of the nation’s largest and most respected medical institutions (Temple and University of Pennsylvania).
- Ivy League and major universities with high enrollments that support an increasing Student Housing Market (U-Penn, Temple, St. Joe's, Villanova. La Salle.)
- A vibrant water front bustling with businesses and residential developments.
- ACCEPTED sites for New Casinos and Slot Houses on the Philadelphia Waterfront.
- And an aggressive company F.I.V.A. Corp that leads the investor market in selecting neighborhoods and constructing cash flow producing rental properties.
Philadelphia has become a solid Real Estate and Business Developing City. You make MONEY in Philadelphia. You buy low and you rent substantially higher then in most market by comparison of purchase price. The time to get involved and own a piece of it is NOW. The days of waiting for a lower price or speculating are long gone. The City itself is now selling itself. It’s up to you to figure how much of this great City and opportunity can you own? Call us TODAY 215-554-3946 and let’s make it happen. Info@fivacorp.com email us now.
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