Creative ways of investing in Real estate?

Creative ways of investing in Real estate?

Investor · Jackson, NJ · Member since 2010 · 167 posts · 55 votes

I do not spend much time on here since my focus is investing in distressed notes for over 6 years.  With regard to Distressed Notes, it seems to me that Bigger pocket forums focus more on brick and mortar investing.  The posts where notes is talked about, the members who respond often have limited experience in the note space even though their posts appear to show their knowledge in the space.  Yes my rant is over and back to the question.  

What I am interested to hear from other New Jersey (especially Ocean County and Monmouth County) Investors is what is your method of investing in real estate to purchase the property at the lowest entrance dollar amount?  And why does it work well for you?  I am not looking for funding strategies but networking with others to find alternative/advance methods of finding properties.

Obviously I find mine through Distressed Note investing.  I feel that going up the chain often allows me to purchase the paper cheaper than any other method and then I can control the paper.  Unfortunately I often avoid investing in NJ due to the long foreclosure process(if property is not vacant).   I do want to invest in NJ for buy/hold and buy/flip so i thought it be a good topic to post on biggerpockets.  

0Reply
20 views

5 Replies

Jump to latestLatest
  • Rehabber · Westwood, NJ · Member since 2015 · 388 posts · 136 votes
    9y

    Hi @David Putz

    I find my rehab deals from wholeasalers and agents which I've found alot of success.

    Gary

  • Realtor · Rutherford, NJ · Member since 2016 · 51 posts · 46 votes
    9y
    Originally posted by @Gary Harris:

    Hi @David Putz

    I find my rehab deals from wholeasalers and agents which I've found alot of success.

    Gary

     How do you go about finding the wholesalers? Years of networking or other forms of contact?

  • Rehabber · Westwood, NJ · Member since 2015 · 388 posts · 136 votes
    9y

    I find them on BP, local Meetup groups and from a Wholesalers network group that I run.

    Gary

  • Rental Property Investor · Manasquan, NJ · Member since 2017 · 26 posts · 39 votes
    9y

    @David Putz Hi David, There are quite a few Short Sales listed on the MLS that can be profitable for either buy and hold or flipping. I've worked with investors who, in addition to rehab costs, ask to be educated on quality of neighborhoods, resale values and average days on market when evaluating deals.

    Aside from short sales, there are always highly motivated sellers and estates which can be purchased at a discount.

    Please let me know if you are interested in discussing any of the above in Monmouth/Ocean counties.

  • Investor · Jackson, NJ · Member since 2010 · 167 posts · 55 votes
    9y

    @sue z.

    As I describe we are usually on the other side of that transaction as we become the bank, by purchasing the note.  We often approve short sales a lot easier than the bigger banks.  

    I am also from the area however I often find that I can buy the note cheaper than I can get a short sale approved.   What are short sale selling for now?

Join the conversationCreate a free account to reply, vote on answers and follow this thread.