Moving From NJ to North DE & Looking for BP Friends

[Mario Ciccarelli]

Hey, everyone! Even though I've been on BP for a few years, I've yet to buy my first deal. I have been patiently saving and reading, and now it's about time to start investing. I live with my parents in central NJ but it's much too expensive and way too tenant friendly, for my liking, to stay here. The company I work for has an office in Wilmington Delaware and I'm looking to transfer there. I got the "ok" from my boss so now it's just a matter of planning and waiting for the COVID-19 quarantine crisis to calm down. 

My hope is to move down to the northern Delaware area by early 2021 if not this fall. Since my employer's office is in Wilmington, I'd like to house hack in the surrounding area. My first choice is Newark since it has a younger demographic and nearby state parks. I love being outdoors, hiking, and I'm 26 so it seems like a good fit. I would also like to rent by the room so it seems like a good town for roommates. My ultimate goal is early financial independence and I'm hungry for work, networking, friends, and learning experiences.

So anyway, do any of you live in northern Delaware? I've only just begun my market research so any tips or advice you may have is greatly appreciated. If any of you live and invest in north Delaware, I would love to connect and network, and I'd love to buy you a drink when I finally get down there!

[Eric Armstrong]

@Mario Ciccarelli Newark is be a good area for a younger renter, possibly a grad student. Watch closely where you purchase though. Inside the city limits of Newark there are restrictions on how many unrelated persons live in a home. You would need to get a permit, which aren’t easy to get from my understanding. To avoid these restrictions, also consider the Trolley Square, and surrounding, areas of Wilmington. This is generally an area for a younger group of working professionals, often just outta college. Know that these are both high demand areas and priced accordingly. If you are in need of a realtor reach out to @Vincent Garman as he is very familiar with both areas and an investor himself. Good luck.