Dover / Delaware market

[Agyei Axum]

Hey BP,

So I'm looking to gain more knowledge on the Dover and Wilmington markets. I went to school in Dover and graduated 2 years ago and live in DC but just don't see myself getting anything here right now. I really want to make sure the cash flow makes sense and I just dont think its a wise decision to make long term acq decisions based on hopes of appreciation. Like who knows that we see appreciation in markets like this 7 years from now that we saw in 09. I'd rather bank on cash flow hence why I'm looking at a market I lived in before. I'm looking towards student housing, military housing, and maybe housing for travel nurses? Hows cash flow? Anyone familiar with Dover or surrounding areas? I know there's DelReia but want to ask around on here first. Any info on Dover or surrounding areas would be great...considering Wilmington also , but I don't know that market and from what I'm reading on here , its block to block and tough to tell sometimes so I would have to find a realtor that either invests in that market or just has some experience there.

Thanks,

[Scott Braun]

Just moved to Dover a few months ago (Air Force). I agree with what Blaine said, the area around Wesley college is a definite no go for me. The crime rate is far higher in that neighborhood than the rest of Dover. I'm unsure about the areas around Wilmington University, Dover and DSU. I can tell you that most people in the military want to be in the Caesar Rodney school district and/or Camden-Wyoming.

I wish i could give you more info, however I will be closing on my first property in the state of Delaware in 2 weeks.