What are the first steps in a pandemic.

Question

Wow! There's so many problems considering the state of the 🌎 world and REI. my partner and I are getting our ball rolling and want to make our first moves within the next two years. There are a ton of variables for us, one of them being that we are looking to invest in a developing OLD city, lots of new jobs being created by huge businesses, for eg, FedEx, & Amazon. So all of the farm land is being eaten up and there's a ton of new development in the area, the old bones of the area are still here but there is seemingly NO inventory! Have investors already come to hold? Or are we just not seeing the true potential?

Allentown, PA. oprotunity is booming, and that's a fact.

Any tips on how to get in front of the wave?

Allentown, PA. oprotunity is booming, and that's a fact.

Any tips on how to get in front of the wave?

Joe Colasuonno · Answer

Zach,

I've been heavily invested in Allentown for 10 years now.  Started buying in 2010 and have around 400 units now.  I love the city and there are tons of positive metrics that make it great for real estate investors.   There is definitely lots of competition here though.

Joe

Zachary Hutnick · Answer

@Ann Shanley thanks for asking! Well the plan requires a slight bit more capitol than I currently have in hand, giving myself some coushon (2) years to finalize some personal debt and grow reserves and do a decent amount more  learning, because I plan to have some skin in the game. Could be sooner than two.

Allentown area is booming, lots of revitalization projects for the city and a lot of new housing development happening in the area. I don't really care for allentown because its not my preffered demographic, the outlying areas are more appealing. No inventory, meaning there's not alot of opportunity for deals on existing property.

Ann Shanley · Answer

@Zachary Hutnick  Thanks for posting.  I am a little confused.  Why would you wait 2 years to make your first move.. the market will change more than once in 2 years! Where are you looking for inventory? If  the Allentown, PA opportunity is booming.. why do say there is no inventory?  Just some surface level questions.. any thoughts?