Making a real estate investment is most often a tricky business. Among the most crucial factors to consider before realty investment is the location. Growth prospect of an area, availability of land, presence of public amenities, crime rate, etc. are some essential aspects that must be considered while deciding where to invest in real estate.
Often referred as the best place to invest in real estate in the United States, Philadelphia assuredly scores well on all these important factors. United States, with its stabilizing economy is attracting many foreign investors. So, if you too are looking forward to make an investment in the States, choosing Philadelphia as your first option will be a mindful step.
Here are a few notable benefits of investing in Philadelphia, for local as well as foreign investors.
No Property Tax for Ten Years
Often enough it seems almost unimaginable, especially to foreign investors, but is true. In Philadelphia, there is no property tax on new constructions for first ten years. And that is by Philadelphia’s provincial law. With abundance of unused land available in the city neighborhood, Philadelphia certainly has plenty of scope for new realty investment projects.
Quick Growth of City
With its robust realty market, Philadelphia’s regional economy does not get affected by the condition of the US economy much. Philadelphia’s law of no property tax for first ten years certainly attracts businesses to open new manufacturing plants and multiple outlets in the area. This in turn, regularly generate new job opportunities in the region and therefore, keeps the local economy stable.
Rapidly Rising Rents
In last one year, rents across the United States have increased by about 6.3%. Philadelphia is among the top ten cities in the US, where rent prices have increased rapidly. As of August 2014, the average monthly rent for a two bedroom apartment was around $1600, which is about 9% more than the previous year’s average.
Alternative to New York and New Jersey
With more and more industries coming to Philadelphia, and industries like education, healthcare research, medicine, etc. on the boom, the city is gradually becoming an affordable alternative to New York and New Jersey metropolitan areas. In past few years, it is observed that a lot of people have shifted to Philadelphia for jobs from other places in the US.
Presence of NRIA
Making an investment in Philadelphia, you also get to invest with one of America’s most trusted investment advisory firm, National Realty Investment Advisors, LLC. The firm has successfully completed over 600 projects in Philadelphia in past 8 years. NRIA is particularly known for its highly profitable investment plan for rental property. In return of a small investment of $11,900 + 100% financing, the firm offers construction of new rental property in fixed time and at fix amount with a 5-year in-built rent guarantee.
So, if you too are searching for the best options for making money in US real estate, then investing in Philadelphia, PA area with NRIA is obviously your first choice.
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National Realty Investment Advisors, LLC (NRIA) works alongside the industry's most discerning, experienced, and reputable firms to help their clients acquire sizable realty holdings with substantial equity profits. See for yourself by browsing the property investment case studies available online at www.nria.net or call 201-210-2727 to get in touch with one of NRIA’s project managers and learn how this unique property investment opportunity will help you acquire a luxury investment townhome with a 10 year property tax abatement.
