Northern Liberties Philadelphia

[Steven Yang]

Hello Fellow Investors

I recently come across this opportunity from National Reality, where they connect investors, constructors, lawyer and bankers together to find and built new construction over cheap properties (no or very low property tax). In this case, their projects are concentrated in central Philadelphia (Northern Liberties). They offer bunch of guarantees including the positive cash flow over course of 5 years, in which there will also be professional property managers for the property. I do not think this opportunities is impossible, however, as I am quite new to real estate investment and not familiar with northern Liberties. Thus I am seeking advice from the community.

I guess my question really boil down to the 2 points below:

1. Has anyone hear about or has experience with National Reality project?

2. Is Northern Liberties a good place to invest?

Any insights would be much appreciated.

Thanks,

Steven

[Sean Pincus]

Northern Liberties is one of the hottest markets in Philadelphia. If you visited the area you would see that the New Construction Starts are happening at every corner and street. The area has been getting quite expensive as of late (condo's for $500 - $600k, townhouses for $450k+). Stephen Starr the reknowned restauranteur has opened 2 locations in the area.

Bart Blatstein (I would argue one of the best real estate developers in the country), developed the apartment complex called, The Piazza and sold it in the worst real estate market for a significant amount of money (making money)

As for the National Realty, I do not know much about them.