All Forum Posts by: Nathan J.

Hi there

Would anyone have a recommendation for a real estate attorney in Trenton. 

Thanks in advance

I visited them recently. My impression was that they buy properties that are in C-/D+ kind of areas. They will cashflow, at least for a while. The real problem is that the local market doesnt support the prices that they sell at. Case in point they showed me a property at 2541 South Carroll street that they had rehabbed and were selling for around 65k. They also let slip that they owned next door (2543). That property had been listed in very good condition by Century 21 to the local market in the high 30's before it got taken off the market. My guess is that ABC bought it so that the comp wouldn't undermine their properties. 
They sell a lot to foreign investors. Like i said their properties will cashflow but my guess is that there will be a problem when those investors try and offload. Either the local market won't support close to the prices they paid; or ABC will need to buy and sell to other investors; or i am completely wrong about both.
That was just my impression...

thanks @Luis E Luciano for the info, and thanks @Joe Fairless for the tip. I contacted mpnrealty who say they specialize in multis. So lets see what they come up with

Thanks @Account Closed  Thats useful feedback

Hi all,

Does anyone have insight into the philadelphia multi-family market. Especially 2,3,4 unit buildings. I would think that good quality apartment buildings of that kind of size located say west of Temple University (and east of N 25th st) would be a great investment?

A lot of the discussion on BP regarding philly seems to focus on the single family stock in the suburbs being good cashflow opportunities; and it seems there are a lot of wholesalers & flippers that thrive on that. 

I think that good quality multifamily buildings located centrally would attract the young professional kind of crowd that wants to be able to walk places?

I would appreciate any local insight here

Thanks in advance,
Nathan

Hi there, 

does anyone have any recommendations for a  RE attorney that cover Philly and Southern New Jersey (Trenton)?

Thanks in advance,
Nathan

Thanks everyone. I haven 't seen any PMs charge 6 to 8% for SFR. Most I have spoke to charge 10% of the monthly rent. In that instance I feel that should include finding new tenants. 10% plus a potential one month rent every year seems a lot of money to pay. However, that does seem to be the norm though,

Good info @Jeremy Davis and @Jesse Waters thanks for that

thanks@Dan DeMott and @Steve Vaughan . 

Thanks @Jay Hinrichs for the comprehensive answer