That is why cap rates are lower because developers and investors want to be compensated for the time and work involved handing off a more passive asset with national tenants versus mom and pops.

Hello,I will be purchasing property in Philadelphia and the NYC/Tri-state Area, will I need an accountant in each of these states? Or can I just have my NYC accountant? What makes the most sense?

I'd love to hear from any investors who are involved in this facet of Oceanpointe's opperations. 

I am sending out 130 hand-written yellow letters to absentee owners and tax-delinquent (multiple levels of motivation,) as well as approximately 500 handwritten notecards to individuals from inheritance, divorce, and a couple other lists (that I got from Listability.)

The problem is I don't know the area well enough nor am I connected to anyone in the area who's involved in real estate.

I feel that one year gives me enough time to learn the ropes and make the relationships needed to make a good decision when I find that perfect deal.I'm glad to finally jump on here and get involved (more than just reading books and listening to the BP podcast). 

Lifelong Queens resident here and I was also invited to and attended the official Amazon NYC announcement at the Governor’s office on Tuesday - mind you, this was not a huge venue open to the general public; small room on the 38th Floor of his office with 50-60 movers and shakers intimately involved in the deal coming together plus the always entertaining New York press corps. - ProofHappy to share some perspective.

Could I get multiple opinions on that??

Super excited to get more involved in BP and real estate investing!

Getting involved in the local community is a good start and then deciding in how you would like to help and how your skills would benefit others.