Real Estate Agent · Mooresville, NC · Member since 2017 · 75 posts · 35 votes
Hi Bigger Pockets family! My name is Tyler Martin and I am born and raised in Marlton, NJ. I graduated from Lynn University in May of 2016 where I majored in marketing and played lacrosse. I've been in my current career in Mt. Laurel now for a year and am finally ready to make the dive into Real Estate investing. I am well-read on the topics of Real Estate Investing but have not yet practiced what I've learned through the multiple books I've read (as most people, I started with Rich Dad Poor Dad). I have listened to the BP podcasts at my cube at work and needless to say they inspired me to start getting my feet wet.
Looking forward to hearing from everyone, thank you!
I personally dislike using Zillow for small multis. The filter isn't the best. I prefer to use realtor or Trulia as they have a "Property Type" filter where you can check off "Multi-Family"
I'm in the South Jersey area and started with House Hacking. Feel free to shoot me over any questions! I also have a blog where I've been detailing the searching, buying, and rehabbing of the property which I can DM you the link to if you'd like.
House hacking is definitely a great way to start your investing career. Many investors here on BP start off this way. Best of luck and let me know if you have any questions or I can help you out with anything.
Real Estate Agent · Mooresville, NC · Member since 2017 · 75 posts · 35 votes
9y
Thanks a lot @Christopher Giannino - is there a specific way to search for them? I have tried through Zillow with very limited results. Is it the fact that they are hard to come by or that I'm not looking in the right place?
New York City, NY · Member since 2017 · 247 posts · 123 votes
9y
Hey @Ty Martin welcome to BP. I am also a newbie and i am also beginning my real estate career. Two things i been doing to try to find a property is that i am driving around the neighborhood i am interested in and searching for any properties that look like there is a lack of care for and im currently looking for a real estate agent to help me find what i want.
Real Estate Agent · Mooresville, NC · Member since 2017 · 75 posts · 35 votes
9y
Thanks @Ronny Tiburcio - I appreciate the insight. Finding deals is definitely something that takes practice. Luckily, although I'm ready to get started, I am fine with being patient (as is sounds you are) for the right deal to present itself. I am also working with a realtor
I'm not really sure what your specific criteria is so this is more of a general answer... The market is pretty hot and there's low inventory right now so depending on how specific your search is could be the reasoning behind the limited results. Using either realtor.com or Zillow is a great way to start though. Additionally, you can ask a realtor to set you up on auto emails that come from the MLS given your criteria.
I personally dislike using Zillow for small multis. The filter isn't the best. I prefer to use realtor or Trulia as they have a "Property Type" filter where you can check off "Multi-Family"
I'm in the South Jersey area and started with House Hacking. Feel free to shoot me over any questions! I also have a blog where I've been detailing the searching, buying, and rehabbing of the property which I can DM you the link to if you'd like.
Rental Property Investor · Washington Township, NJ · Member since 2015 · 1k+ posts · 976 votes
9y
Welcome to BP @Ty Martin. NJ is sparse on multi-family house hacking opportunities. I'm not aware of any new multi-family construction either. Make sure to connect with @Tom Dagney and attend a SJREIA Meeting. Lots of great resources in the group and they can definitely help provide some additional thoughts and insights into what it is that you're looking to do.
Real Estate Agent · Mooresville, NC · Member since 2017 · 75 posts · 35 votes
9y
Hi @James Masotti - I appreciate your help! I will definitely be attending the next Newbie meeting. It looks like it is in October, correct @Tom Dagney ?
Real Estate Agent · Philadelphia, PA · Member since 2015 · 19 posts · 10 votes
9y
Hi Tyler,
I'm from Voorhees and have been an investor in the area for a few years now. I've help a handful of clients/friends from the area get started in real estate investing so if you'd like to chat please feel free to inbox me. I've set some clients up with a few wholesalers in south jersey as well to find them off market deals. I'm also an agent so I can set you up with auto emails after we figure out the parameters for a search. Look forward to helping.
Rental Property Investor · South Jersey, Cherry Hill and nearby areas · Member since 2015 · 932 posts · 67 votes
9y
Hi James,
Yes. October 2nd at The Brooklawn Diner, 297 Crescent Blvd (at the Circle), Brooklawn, NJ 08030. Meeting begins at 6pm. Topic is Wholesaling Your Real Estate Deals Panel. Feel free to check out our website calendar for all upcoming meetings. Meetings are for all levels of investors, Newbie's to seasoned investors.
Investor · Jackson, NJ · Member since 2010 · 167 posts · 55 votes
9y
@Ty Martin Be sure to also keep eye out for Distressed Notes. You wouldn't believe how many people miss out on real estate opportunities because they don't make the MLS or Foreclosure Auction. Becoming the bank gives you the power of the paper. I am in Jackson and we often get a group together to talk about the subject monthly. If interested let me know. Hopefully I can get @Tom Dagney to come visit sometime soon!
Investor · Jackson, NJ · Member since 2010 · 167 posts · 55 votes
9y
@tyler martin When someone takes out a mortgage to purchase a house butts for any reason they stopped making payments on the property
Those loans are sold off to hedge funds and then to investors like us to purchase and become the bank/debt owner . As the "bank " we can have multiple exot strategies including approving short sales, getting the loan to Reperform, foreclosing and selling, foreclosing selling at foreclosure auction, foreclose and rent, foreclose then sell as seller finance and many more.
We are in central jersey and meet regularly. Feel free to know any other questions you May have. I just don't come on bigger pockets much.
Virtual Assistant · Scottsdale, AZ · Member since 2017 · 236 posts · 38 votes
9y
@Ty Martin Hey there, Tyler. Great to see you take that first and maybe most difficult step in real estate investment: reaching out on BiggerPockets. Congratulations and I wish you a ton of success.