All Forum Posts by: Yonah Sturmwind

Congratulations! 

How much are you spending per unit on renovations? How much do you expect to be able to increase rents by? 

Congrats John!! 

You found the deal through direct mailers correct? How many mailers did you need to send out? What kind of criteria do you look for? 

I am looking for multi-family brokers in NJ that have properties with 20+ units. Please let me know if you have any recommendations! 

TIA

@Altamar Knighton

I work directly for a larger investor and we are working on connecting with broker and agents in NJ. If you know of anyone with larger properties, please send them my way! 

Thanks a lot

Hey 

I am also interested in investing in areas of Northern Jersey. I am looking for commercial properties 20+ units preferably....

@Kevin D. Do you Buy-and-hold investing or other types? I like the idea of the Lehigh Valley because its relatively close to me and I think the city is trying to do a lot to spur job growth. 

Thank you for the responses! 

What kind of investing do all of you do? Buy and hold? Flipping? I work for an investor as of now and we own a number of multi-family properties in Wilkes-Barre. 

Hi @Mark Gallagher

Thnx for the response! What kind of investing do you do? I work for an investor currently and we have invested in buy and hold multi-families in Wilkes-Barre, PA. I am interested in learning more about the Lehigh Valley market. 

Hi, 

I'm looking to connect with investors in the Wilkes-Barre, Allentown, and Stroudsburg areas of Pennsylvania. Is anyone here active in those markets? 

Thank you! 

While what Logan said above that the cap rate and the C/C do not matter for the valuation is true in market terms, it probably matters to you as an investor. The market value will matter to you only to ensure you are buying right and eventually when you sell, if you are planning to hold this long term then you need to be comfortable with the cashflow of the property. Does the roughly 6.5% cap and 6% C/C work for your investment strategy? For me personally I would look for a property with a higher DSCR because I see very little reason to get a lower Cash return versus outright cap rate. Leveraging any asset adds risk to the deal and therefore you need to be able to get a higher return to justify that risk.