All Forum Posts by: Allen Berrebbi

Hello hello @Allen Berrebbi!  If you are a fan of Perioa Illinois you should connect with @Brad Stegall he's a big investor in the area and has a large meetup there.

I say invest for your Grandson!  You can probably also teach him about real estate which would be invaluable.

Jasper is a pretty small town from what I see. You'd be better off of in Little Rock. I actually work with a great team in LR that offers turnkey and new construction. And the rental market is pretty stable. But Arkansas has really good landlord laws, so it has that going for it. 

I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again. I had constant issues with the local government and the taxes were absurd. But that's just my two cents.

Hi Michael, I wish I was posting on this forum sooner to reach out.  I am an investor in the Scranton area.  I currently have two triplexes near Marywood University so majority of my tenants have been students.  There are certain parts of Scranton that I have been advised not to touch since they are definitely still developing.  They are usually located South of the main city area.  Properties north of Greenridge St. are a fair play.  You will be within close proximity to the University and approximately 5 minutes driving distance from the main city area, which also includes the hospital (could be good maybe for a medium term rental if close enough for travel nurses).  Anyway, I would say vacancies do take 30 days to 45 days to fill.  Sometimes it could be sooner.  It all depends on the time of the year.  You are absolutely right though.  Appreciation takes time, but cash flow has been great.  I'd put it as Class B area for the most part.  As you mentioned though, there is opportunity.  I remain optimistic about the Amtrak line heading through the Poconos up to Scranton from New York.  Let's connect!  I am also from Long Island too. 

 I have connections with Baselane support staff. Would you like me to message them directly for you? PM if that would be helpful.