First property questions

[Heshie Goldfein]

Hello everyone, I am an investment sales broker in nyc and I also have been investing passively with a syndicator for the last few years which has gone fine. My question is this. In your opinion would it be a better strategy to invest passively in a market like Brooklyn which is appreciating very rapidly average returns of 10-20% cash on cash. Or to invest in low income neighborhoods in Philadelphia and buy 2 family houses making around 20%-30% but not much future growth. I like the idea of building my own portfolio but I have limited access to capital and I don’t want to have a lot of partners to worry about. Any insight would be greatly appreciated. Heshie

[Justin Blair]

@Heshie Goldfein in my opinion if you have limited access to capital now, focusing on higher cash flow properties in Philly first might be a better strategy to help build reserves and qualify for future loans and purchases. I will say I haven't seen any opportunities here for 20%-30% cash on cash, is that net and accounting for vacancy and capital expenses? If so and you end up going with Brooklyn I wouldn't mind taking a look at those addresses haha 😉