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Updated over 4 years ago on . Most recent reply
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Best area of Wilmington?
To those who have invested in Wilmington , Delaware.
Where are your favorite spots? Places to avoid? Gold mines? Rags to Riches areas?
Shoot my your thoughts and some numbers if you have them! Would love to learn from the best.
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Originally posted by @Brian J Peterson:
Pardon me @Christos Philippou, I don't mean to speak on subjects that are "difficult" for me.. You're clearly the leading expert in all things Real Estate in the state of DE, more specifically as you mentioned Northern Delaware, so I'll take your word for it! I'm 100% sure there aren't any parents out there in N DE that care about proximity to the 100 private schools within a "15 minute drive" as you pointed out so location has no bearing on their decision to purchase/rent in certain areas.. Does proximity to shopping and entertainment not matter in your market either, or is that at least somewhat important? Is everything accessible by driving a few minutes, so again location doesn't really matter?? If so, must be nice to invest there where you can just pick up any property in any location and everything is all good!!
I don't look at the schools in DE much either. Anywhere in Wilmington is going to have Sh*t schools at this point, and those looking to go to private school are not in the rental market. Private schools are easily 10-30K per year. Then again, my target tenant is not families. I go for young professionals that are just coming out of college and don't yet have the money to buy a house of their own.