Citrona homes Multifamily Johnson pa

[Shane Vince]

Hey everybody I've been in contact w a broker selling such duplexes and triplexes in Johnson Pennsylvania. Seems like a great project and return. Does anyone have experience in this town or with this company? Thanks

[Keith Leckey]

I live in the Johnstown area and have been investing in real estate within my hometown for the last 9 years.  Johnstown is unique that it is made up of many boroughs and townships as well as different municipalities within the city itself.  I have been researching Citrona online along with some of the other companies that have somewhat recently taken interest in our area due to the low cost of purchasing homes in (key word) certain areas.  I recently talked to a local insurance agent that has been assisting some of the out of town buyers with insurance policies and the majority of them have purchased these properties sight unseen without any knowledge of the neighborhood they're in, school district, condition of the home itself apart from the pictures with fresh paint and new countertop or even seeing the homes surrounding it that have been condemned by the city.  Don't get me wrong, I do believe there are great investment opportunities in Johnstown and the surrounding areas or I wouldn't be doing it here.  All I am saying is with any investment, do your homework and if something sounds too good to be true....

If anyone wants to pm me with questions or for more insight into our area or the section 8 program (which these companies seem to be heavily advertising with) and some of the changes the program has seen locally in the last year, feel free to reach out.  My biggest hope with anyone that chooses to invest in our area is that they are not only doing it for the financial gain but more importantly as an investment into the community itself.  If anyone does decide to invest in Johnstown, we have a great local landlord association that would be beneficial to plug in to also (Greater Johnstown Landlord Association).  One of our members recently put together a great article talking about the history of Johnstown, the struggles our town faces in general and within the housing arena.  It would definitely be a good read for anyone thinking about investing within the Johnstown area.  I'd be happy to forward to anyone that is interested.