All Forum Posts by: Andrew Giunta

@Tao Chen I have many investors from New York and NJ that invest in the Lehigh Valley area because its only a couple of hours away and possible to manage from a distance. Also cap rates of 10% + are not uncommon in the same types of areas you would be getting 7% caps in NJ. Most of the week I operate from my home in Bergen county and I wouldn't invest here because NJ is a tenant friendly state. 

@Rikako W. Hey Rikako, finding someone who is willing to do a residential mortgage within an LLC is very rare unfortunately. I havent been able to find someone, but the work around I used was to use a land trust and put it in the LLCs name, which I was told by my lawyer, would be very similar. There is extra cost associated with using the lawyer though.

PM me and I can let you know the guy I use if you are interested.

Hey Felipe, if you are looking for some off market stuff let me know. We have stuff in that price range but its not on the market. Let me know if you might be interested. 

Curious what you are earning in rent. I have a multi in easton right next to the courthouse and a few others in Allentown.

@Dmitry Ratmansky I invest in the Lehigh Valley solely, let me know if you want to talk, im always available. 

@David Smith The real estate agent I use is great and I work as a partner with him on other things. He is completely invested minded and has a team to do analysis and anything you could ask for. Ill message you his contact info.

Hey Manuel, I would love to follow this and see how it works out for you. How much did it cost and what part of Allentown were you going after ?

Hey @Darleen Justance welcome ! Glad to see more people from the Valley here investing. We have a slack channel if you would like to group up with some of us ( its in my description) otherwise there are some good meetings here. 

Hey Orlando, im a couple of towns away in Emerson and I invest solely in the Lehigh Valley (Allentown, Bethlehem and Easton) area. I have about 500k worth of equity there and for me it works as doing the job I want, which is to generate income. Theres a lot of deals in the Valley but the market is very hot right now and they tend to get picked up pretty quickly. I think you need to figure out what your long term goal is. If you want income, I would say Allentown would be your bet, if you want just appreciation, NJ might appreciate more, but income will be very small. Let me know if you want to talk more and I can share my experience with you. 

-Andrew