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Passive Real Estate Investing

Market Spotlight - Harrisburg, Pennsylvania | PREI 232

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Business:investing, Education, How To, Investing, Business, Entrepreneurship

4.6968 Ratings

🗓️ 28 April 2020

⏱️ 37 minutes

🧾️ Download transcript

Summary

In this Market Spotlight, we talk about the best features of Harrisburg and the reasons why so many people working in Baltimore, Pittsburgh, Washington DC, and other nearby cities choose to live there. Join host, Marco Santarelli, and our market specialists as they discuss why Harrisburg, PA is a lucrative market for those who want to invest in real estate. Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing:  https://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary IF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to passive real estate investing, the show where busy people like you learn

0:05.2

how to build substantial passive income while creating wealth for the long term.

0:09.2

And now here's your host, Marco Santorelli.

0:12.3

Welcome to another episode. Now here's your host Marco Santorelli.

0:13.0

Welcome to another episode of passive real estate investing.

0:17.0

I'm your host, Marco Santorelli.

0:19.0

You know, Harrisburg, Pennsylvania is a medium sized city located in the state of Pennsylvania.

0:24.3

It has a population of roughly 50,000 people, 36 constituent neighborhoods, and it's the

0:30.0

11th largest community in Pennsylvania. Harrisburg has a large stock of pre-World War II architecture

0:37.2

making it one of the older and more historic cities in the city or in the county there.

0:43.0

But unlike some cities, Harrisburg isn't mainly just white or blue color.

0:48.0

Instead, most prevalent is occupations that are a mix of white and blue color jobs.

0:55.0

Overall, Harrisburg is a city of sales and office workers, service providers, professionals,

1:00.0

and there are especially a lot of people living in Harrisburg who work in office and administrative support.

1:06.0

Many of them commute to nearby cities such as Baltimore because it's not that far away.

1:11.0

But real estate is certainly less expensive in these

1:14.2

outlying areas. So it's really what we refer to as a tertiary market. It

1:18.9

doesn't have the size or population big enough to make it what we call a tier 2 market.

1:25.0

It's really more of what we refer to as a tier 3 or tertiary market.

1:29.0

But nonetheless, it is a stable linear market.

1:32.0

Nothing overly exciting. It is one of those markets that just

1:36.2

provide stability. I refer to it loosely like a blue chip stock. So with me today are some of the team members that we work with out there and you know it's overdue but we want to talk about this market because there have been a lot of opportunities there and the properties that we have been moving in that market have been moving in that market have been

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