Good morning, all. If anyone actively invests or lives in Norristown, PA, could you please tell me if this area is a “hot spot” for investing? I’m starting to expand my areas of concentration, and Norristown Boro is an area I’m starting to gain interest in. If you are familiar with the George Street and W. Spruce Street areas, are they comfortable, pleasant areas? I’ll be soon taking a trip out there just to get familiar with this town. Thanks in abundance!
You can use services such as realquest.com to find out if there are active cash buyers in any given zip code. I personally use listsource.com. Do a search for absentee home owners who have bought single family homes in the past 90 days.
If there is a high number of homes being sold to investor buyers, then it’s a good area. Also, you can go on the MLS to see if there are cash transactions on any given zip code.
Thanks, shortsaleking, I appreciate your response.