All Forum Posts by: Ankit Duggal

Dan Romero
This should help in your quest.
http://www.biggerpockets.com/files/user/aduggal/file/new-jersey-real-estate-contracts

BP is definitely the community where you can find that mentor Alok. Your background will definitely assist as you grow out your business model. The best advice I can give is figure out where you want to want to rehab in terms of county/township and find a rehabber that is active in that town. You should be able to find that rehabber through Biggerpockets networking and find members tool, or local real estate investment associations such as MREIA, NJ RE Club and/or Tri-State Mixer.

Happy Investing

Chris Masons I am like you as well. I feel uncomfortable investing out of state unless I go spend a few months and then build a team out in that new market.

My current rental portfolio is all in New Jersey. I am just in the urban markets so my cash flow yields are still north of 10% per annum.

Welcome to Bigger Pockets. A couple of good clubs to consider:

1) Metropolitan Real Estate Investment Club (MREIA)
2) Tri-state mixed
3) New Jersey Real Estate Investment Club

Good luck on your real estate investment journey.

The goal of my percentage number was to provide an expense percentage net of property tax rates in order to have standard comparative tool that an investor when comparing one or more assets quickly. The investor would have to bring in the tax numbers into the calculation on an individualistic basis to help the make comparison truly valid in an opportunity cost scenario.

According to the IREM standard, real estate taxes account for 10.5% of gross potential income in the northern New Jersey area. So maybe you can utilize a 40% ratio instead of the 50% ratio.

Deshone Drummond In Newark you see investors buying 60-80k houses in Weequhaic, Clinton Hill and Valisburg section of Newark. Those assets are getting gutted with 87 to 100k in rehab funds.

Ibrahim S what is a good skiptrace service firm that you have used in the past? Was their information relevant in your search process?

Ibrahim S a couple of sites are out there. etaxsales.com