Delaware State Investors - Just want to pick your brain

[Cassandra Sifford]

Good day BP!  I've rented out my 1st property in New Castle, DE and am excited to move onto the 2nd!  

My apologies in advance for the blast of questions, but I figure we're all family here so why not LOL  

I was inquiring what type of properties are in your portfolio? Is it a mix of MF and SF? If you have MF units, do you find it's easier to place tenants in units that have more than 1BR? Do you only purchase SF units that have 2BR+? What's your best cash flowing property and why does it cash flow so well? How did you go about finding your MF property? The current inventory isn't the best and I was considering linking up with a wholesaler for deals. I've been driving and compiling a list of both MF & SF possibilities. Do you use a search service for absentee owners, rely on your realtor and the MLS or do you have a wholesaler or someone similar to locate the best deals?

I'm interested in a multifamily burn out property in Wilmington, DE.  It has (2) 1/1 and a 2/1.5.  It's on the line of a moderate/slightly high crime area.  Give me your thoughts on what your current inventory looks like and what you're interests are.  

Many thanks ... Cassandra :)

[Account Closed]

If you open up to where you're willing to invest in Wilmington there is TONS of inventory. Area's like Compton village, around Brown park are great places to get in very cheap. I'm looking pretty much everywhere in Wilmington for at least 3BR and 1400 SQF. Mostly looking on MLS.

I've recently had luck just knocking on the neighbors door of boarded up houses. The man gave me the owners number and told them I was interested and I toured the property the next day. I would really try that out as well.