Investing in the Wilmington, Delaware area

[Rick C.]

Hello,

I am considering investing in the Wilmington, Delaware area due to a few factors:

1. Lower taxes than neighboring PA or NJ

2. Lower entry cost

3. Having #1 and #2 while still having a proximity to the major cities in the Northeast corridor (Philly, NYC, DC, etc)

Does anyone invest in or understand the market around there that could help me? Any advice would be appreciated. Thanks in advance.

Rick

[Jack Clough]

@Sue Manchel there is no way to know for sure, but we'll see. I personally know folks who work for Rob and Chris Buccini and wouldn't invest their own money in Wilmington. As an owner of a couple properties downtown this was not exactly what I wanted to hear. However, I'm an optimist and I'd rather look where no one else is looking. I also have good reason to believe that those folks are wrong. Either way we have to be smart and buy well.

[Sydeeya Richardson]

Would anyone happen to know of an attorney who will perform a double or creative closing for a property in Newport De?

[Tony McGraw]

Hey Rick I'm actually looking for cash investors in Delaware I have 2 properties coming soon in Wilmington Delaware

[Mayer M.]

Tony, please share the info on the properties

[Rick C.]

@Tony McGraw - I ended up focusing on Atlanta and Tampa for buy and hold. However, @James Masotti has a portfolio in Wilmington, so he might be a good person with whom to connect.

[Jack Clough]

@Tony McGraw

please share - I'm buying in DE