All Forum Posts by: Chris Townley

@Jeremy Pace I'm having similar thoughts, wondering what the catch is. Though I'm always thinking that. I wasn't aware of the number of large property management companies in the area though, so thanks. Any companies you would recommend talking to? I would probably use a management company, since I'm out of state.  

@Blake McLaren Thanks for the info!

Hi All,

I'm looking at a package of multifamily buildings (~30 units in 5 buildings) in PGH, in the Friendship neighborhood (They're all off of Friendship Ave, between Penn Ave & Baum Blvd). I was hoping someone could give me an idea of what to expect for cap rates and vacancy rates in the area. My assumption right now is around 7% for cap rate, and 5% for vacancy.

Any other opinions about the area that people want to share, I'm all ears.

Thanks,

Chris

Is this in Kokomo or Indianapolis? 

Hi @Larry Lynch, I'm interested in properties in Middlesex, Mercer & Union counties. Please include me on your list.

Chris Townley | [email protected] | 732-543-1952

Thanks for the feed back everyone, I appreciate it. 

Does anyone have any experience with the company that posts these advertisements? http://cnj.craigslist.org/rej/5274274723.html

Is it legit, or a scam? Seems too good to be true to me.

@Nathan Paisley Thanks!

Hi All,

Can anyone recommend a real estate attorney in the central NJ area? Right now I just need someone to review the lease for my first rental, but I'd like to find someone to use for future purchases and LLC advice.

Thanks!

 @Darren Sager, I'm in a similar situation as @Michael Wolffs, and would love a copy your lease also. If you could please send it to me, I'd appreciate it. 

This might be helpful if you haven't seen it. http://www.biggerpockets.com/hardmoneylenders