Seeking multi family properties in Delaware.

[James Mercure]

How is the Delaware Market? Anyone here familiar with Delaware? I am trying to purchase some multi family properties there but would like some inputs from you guys diving in. Any hotspots to invest? Thanks in advance!

[James Masotti]

Originally posted by @James Mercure:

How is the Delaware Market? Anyone here familiar with Delaware? I am trying to purchase some multi family properties there but would like some inputs from you guys diving in. Any hotspots to invest? Thanks in advance!

 For as little of a state as Delaware is, the state is very diverse. So there's a big difference between buying a multi family building in Newark near UDel where you're likely to have predominately student renter base, compared with buying a multi family in Trolley Square in Wilmington or buying a multifamily in East Brandywine Village, or buying on the Market Street corridor that BPG is redeveloping, or buying a multi family in Dover where you'll have a lot of military renters (depending on how close to the base you are) or you could have multi family down in Sussex county by the shore towns and do more short term AirBnB type stuff, or you could be in rural Sussex county which will be a whole other animal.

Point is...yes there are multi family in Delaware just like any other state and like any other state there is a diverse set of environments, knowing what kind of multifamily you want to buy and the type of tenants you want, the returns you'd like to see, etc. I think are all equally or more important questions to ask first.