All Forum Posts by: CJ Wallowitch

Hi Everyone,

I was looking for some insight. From an investor standpoint, what is the best market for value add multi-family up to 100 units? 

Does anyone have experience in investing in these? What is the strategy? What cap rates are acceptable when dealing with these projects? 

Hello All, 

I have been networking with a lot of investors in NYC that like to buy in Philadelphia. One common theme that I've noticed more and more with the people I've met is that most of these investors are not interested in buy and hold projects. Many of these New York investors are looking for short term deals; whether it be fix and flip, or something that they can buy, rehab, get up to maximum performance with rents and then get out of it in a couple years. Do any of you have an opinion on this? Could it be a coincidence or is there a certain trend in the market that is making these investors avoid long term buy and holds?

Also, if you are an investor that likes to buy and hold, what in your opinion is the safest investment? Do you like to purchase large multi-family deals, medical centers, office buildings? And what is the target market in regards to Philadelphia? I look forward to reviewing some responses.

I'll be there Troy! Look forward to seeing how your project turned out.

Hi Brian!

Welcome to BP. I am working on some cool stuff in the Philadelphia market. If I can be a of any help, please feel free to reach out.

CJ W

Welcome Tim! Have you ever explored other markets besides Ohio?

CJ W

Hi Heath, 

There are some really good real estate consultants out there that will help you with finishing touches, design and floor plan. Some will even assist you with staging the property and showing it!

CJ W

Hi All! 

Have any of you explored the Philadelphia market??

CJ W

Hi Miguel, 

Those rates are pretty competitive however, my hard money bank can do better! In addition, I have a lot of investment property for sale in Philly and the surrounding areas, all sold .50 to .60 cents on the dollar. Shoot me a call or txt if you would like to learn more about what I am doing in the area.

Hi Ryan,

I'm not sure if wholesaling is your only agenda but, I move a lot of investment property in Philly and the surrounding counties. I only work with the end buyer however. Shoot me a txt or call if you want to learn a little more about what my team and I are doing.]

CJ W