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Updated about 8 years ago on . Most recent reply

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Pradeep A.
  • Wilmington, DE
1
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Looking for contacts in Wilmington DE

Pradeep A.
  • Wilmington, DE
Posted

Hi folks,

I am relatively new to BP and not much experienced in real estate investing. I have a SFR rental property in St Charles MO. I have also been living in Wilmington DE for 6 months now. I am on BP looking to connect with people on the following:

1. I needed some contact information on rental property management that has a lot of experience in multifamily units. 

2. I would also like to get in touch with CPAs who own rentals (preferably multifamily)

3. Multiplex rental properties that show up on MLS in Wilmington DE area appear to be located mainly in the New Castle area. I am concerned that if I own a property there and have a PM company maintain it for me, it will still require me to be more hands on as compared to owning a property, say, in Trolley Square. So as a newbie, should I start of with SFR investing and then expand into multifamily?

I appreciate any advice. 

Thanks,

Pradeep

Most Popular Reply

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1,413
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James Masotti
  • Rental Property Investor
  • Washington Township, NJ
976
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1,413
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James Masotti
  • Rental Property Investor
  • Washington Township, NJ
Replied

@Pradeep A. - Welcome to BiggerPockets. @Daniel James would definitely be someone to connect with regarding multi-family property management in Wilmington. I'd also suggest connecting with @Brandon Hall regarding your CPA needs. 

Whether you start with multi family or SFR will largely depend on your goals, strategy, and resources. If you have the money to do mulit-family. Great. If you have the connections or desire to raise capital to syndicate multi-family. Great. If you want to have more liquid SFRs and have multiple exits to be able to rent, flip, or wholesale. Great. There is no one size fits all strategy to real estate. You will likely even take some twists and turns as you go along the process and change your strategy up a bit as you're getting your footing. Anyway...All the best as you start diving in!

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