Multi-family in Delaware

[Craig Schneider]

I am a real estate investor from Long Island ready to look out of state.  A few people have suggested Delaware considering the tax-friendly nature.  I am interested in larger apartment complexes and was wondering if anyone had experience in Delaware.  Please let me know.

Thank you

[James Masotti]

Originally posted by @Craig Schneider:

On Long Island, I have my own team which has been a large reason for my success. 

I must get an offer a month to invest in Phili, which makes me feel the market is a bit overheated.  

As I keep researching I will update you guys.  

Garrett thanks for the offer.  

 I don't think there are too many markets out there right now which aren't over heated. Lots of newbie investors with crazy stock market money burning a whole in their pocket looking to park it some place safer before interest rates start going up. They're okay with single digit "safe" returns because it's better than their options in the market. 

I can't compete with that since I mostly BRRRR and I have teams that "work" for me...aka I don't do it myself and therefore it's more expensive than someone else putting in sweat equity.

This means you need to develop off market leads and know that you're going to have a lot more to say no to because people have crazy expectations on what they can get when they look at what something sold for on the MLS.

Philly has lots of investors but also lots of opportunity. I just don't want to spend the time to understand the market there right now.