Hi, I’m Abhishek Sinha, based in New Jersey, I already own few long-term rental. Now I’m focused on breaking into short-term rentals . I’m currently evaluating whether the STR Like the Best concierge program by Michael Chang is the right fit for me versus other programs. If anyone here has been t...
Intro "House Hacking" is one of the best ways to get started in real estate investing. Buy a property, live in part of it, rent out the rest, and let your tenants help pay your mortgage. I'm currently living through my own house hacking experience, and I wanted to share what it actually looks lik...
Hi all, I'm Dean, a New Jersey local. I've been reading up on a rule change that I think a lot of small and mid-size owners missed. The NJ Division on Civil Rights changed the Multiple Dwelling Reporting Rule. It used to apply only to 25+ units at one location. Now it counts all your NJ units tog...
Hi! I'm a first-time home buyer looking for some guidance/reassurance in a relatively expensive market. I have a decent amount in equity investments (stock) that I'm ready to diversify with REI. I currently live in Portland, Maine but am from NJ so I'm open to anywhere in the Northeast (ideally N...
Welcome All Investors! Event is from 6:30 to 9:30 PM Guest Speakers - Francisco Garcia & Lorena Alvarez Topic: Short-Term Rentals in the Poconos: 4 Years, 5 Rentals, $1.1M in Revenue Francisco Garcia & Lorena Alvarez are a husband-and-wife team of real estate investors and short-term rental hosts...
Build Your Network, Find Your Next Deal Great rehab projects start with the right team. Join local flippers, contractors, wholesalers, and trade professionals at The Office Tavern Grill for a dedicated networking session focused on today's housing market. Bring your current project wins, ongoing ...
Calling all levels of investors! Come out and join us for our monthly real estate meet up to network over a beer and some food! Welcome All Investors! Event is from 6:30 to 9:30 PM Guest Speaker - Jason Silverman Topic: Raising Money, Partnerships, and Navigating the Current Market Jason Silverma...
Hi everyone! I’m currently reading the book How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started, and that’s how I found this website. I moved to the U.S. almost five years ago, and I feel like I’m finally ready to start investing in real estate. My goal is to buy a prop...
I have a few successful strs in Georgia. I am looking to refinance a couple of them, however my lender requires 2 years of income shown, and I don't have that for these particular houses. They will, however, accept a long term lease. I read somewhere that it might be possible to long term lease t...
Flippers, what funding do you recommend for an investor's first flip? Particularly portfolio lending versus hard money? I need some folks who have done this to compare and contrast the two for me.
So Real Estate = location, location, location... I consider a 4-unit brownstone in New York City. The location is great, but the property owes huge tax and building violation penalties. There is no tax lien though - the current owner makes some min payments, but there is Stop Work order from the ...
Hello, my name is Todd and I'm new to all of this. While I'm hoping to close on a 3 unit LTR in Hudson Valley, I'm having no luck finding a potential property manager. I'd have no problem expanding my search geographically for a multi unit LTR if I can find a good manager. Any ideas how I can go ...
Hi, Purchasing a buy and hold property in the Hamptons, NY for $1,895,000. Will put $500K in property. ARV is $3M conservatively, with a really great reno can fetch up to $3.5M. Purchase contract has no mortgage contingency and needs to close in 60 days, so decided to do a DSCR with no prepayment...
Hi Everyone, I'm very new to the real estate investing game. Recently saw a property near me on zillow that was selling very cheaply compared to the comps. Upon further looking into it the property is a short sale listing subject to third party approval. My question is does the price set by the s...
New to this group and It's a pleasure to meet you all. I have been in real estate for 27 years, own and operate a nationwide private equity company, invest in deals nationwide, provide continued education for investors and help mortgage brokers structure and finance their deals. Hopefully over th...
For homeowners who live in one unit of a 2 family and rent out the other, what percentage of their total housing expenses (PITI) do you consider great and average for the rental unit to cover?
Husband and I are looking to finance a single family home in Delaware. I got a couple of quotes for DSCR loans, but they seem high. 20% down on a $630k property, for $505k loan @ 7.5% (or buydown with 2 points to 5.5%, 1 point to 6.375). Husband and I are purchasing for AirBnb purposes. High seas...
I'm looking at a deal with a retiring landlord. They have a multi unit property which will not qualify for conventional financing. We have hammered out an unofficial deal on seller financing. Who would actually set up the transaction, an accountant, an attorney, both? Do I need to look around for...
Hey everyone, I am fascinated with real estate investing. I want to get started, I am always looking at houses and finding deals and things in my price range, but I always feel like I have less knowledge than I would like. This is what really feels like its holding me back. I am a very hands on l...
Input on Reireply please? I just signed up, and it is not user friendly AT ALL. Does anyone have success with this before I dump a bunch of money and time learning the platform?
As the title suggests, I’m considering refinancing a duplex of mine. I bought the house back in 2021 using an FHA loan and lived in it until this past November. The rate is 2.75% and the monthly PITI is about $3,000. I took a HELOC out on the house about 2 years ago now, that payment is about $80...
Hi everyone, I'm in the Westchester County, NY area but work regionally. I recently got into private lending and building a development company for rehabs and other projects. I'll looking to build a strong network of likeminded people and organizations to work on real estate ventures across the U...
Good morning, I am currently using Turbotenant for tenant screening/rent collection and reminders, and lease creation. They also offer a marketing option and outsources to another provider for bookkeeping. I love it, however, it’s missing one key thing for me. It does not provide banking accounts...
I see alot of people who purchased around early 2020's who want to access cash from their investments but cant refinance without messing up their cashflow. Is anyone here running into similar issue?
Hi everyone, I’m hoping someone familiar with NJ MLS and Zillow/Redfin syndication can help me understand what happened with my rental listing. I own a condo in West New York, NJ that has historically rented relatively quickly. This time, after roughly four months with almost no inquiries or show...