All Forum Posts by: Dave Currence

interested as well. 

@Bonnie Haynes good morning Bonnie. I am not invested in Montgomery, but grew up there and still spend time there. I have some PM contacts who I can connect you with, if you’d like. I can also offer you my insight, as an investor in other markets but who knows Montgomery well. Good luck!

@Kevin Liu sent you a connection request. Happy to share some thoughts. There is much to be considered when talking about which lender/product/scenario would be “best”. It’s often deal (and asset) dependent. Good luck!

is the SLC property a single complex, or is this a portfolio? thanks

What areas of NJ are you currently looking in? We have some multifamily holdings throughout northern NJ, and I have been starting to search for some SF projects as well. You're correct that it is a competitive market, but people are definitely still finding deals. 

@Nathan Paisley I’m primarily looking in the northern half of the state currently, but happy to connect and see the deals you come up with…easy for me to look further south as well, as we have some larger multi’s in the family holdings that are located in southern NJ. I’ll send a connection request here. Good luck!

@Jeremy Taggart

You seem knowledgeable about Pittsburgh…I have a buddy who has a couple hundred doors there (single family and small multis) he deployed all his cap a while ago and has done well there. In your opinion, and from what you see on the ground, are there still opportunities there in multi-family acquisitions? A variety of unit sizes would work, but up to 100 doors is possible for us, I believe. I’m probably going to make a trip over there from NYC sometime in the very near future, but would love to hear what you have to say. Thanks!

@Greg Parker fair enough. I suppose having a gated community helps alleviate security concerns (though I gave many a Wynlakes security guard a hard time in my teen years ;) ). To be clear, I’m not arguing against investing in Montgomery. I’m just trying to get more clarity myself. I’ve thought about getting a few fix and flips together down there, while evaluating some longer term BnH purchases. I think it’s affordability is still appealing to buyers, but you just can’t ignore the decline in many of the more affordable locations. Much of my hesitancy is buoyed by anecdotal evidence like how many people I know who have decided to leave Montgomery. That said, I know people who operate successful businesses there, often from other locations and find great success. One of my good buddies owns a number of restaurants there, and he does well with them because of the low cost of operation and the ability to purchase the RE at a couple of the locations (benefits that are near impossible to achieve in many more upscale markets).

I can tell deals are moving down there, as I get emails regularly with wholesale deals that seem to come and go very quickly. No doubt, people are making moves there…I just haven’t done enough due diligence to go back and see what kind of work has been done on the units and what they traded for/how quickly they traded, etc.