All Forum Posts by: Allan Szlafrok

@Lyn Dawson Check our NJREI Group on meetup.com they have one coming up at the beginning of February

I have a contact who could help with that if you PM me. Does a lot in Newark and has lots of different loan programs

@Daniel Sabato Zillow, apartments.com, and craigslist are where we usually list. That’s not nearly as important as the background and credit check though. Watch out for tenants with evictions in their record or with unverifiable income. Make sure you screen the tenants well because that’s a lot harder than finding people who are interested in the unit.

@Raj G. Being an investor in Hudson County myself I can tell you that you should have filed for eviction a month ago. It’ll be at least a month before you see a judge

@Grayson Gist Had this same situation when I was shopping for a GC once. Guy used a racial slur to describe some of people in the neighborhood. That was all I needed to hear. Sent him on his way without asking him for a quote or anything. I don’t do business with people like that. I try to do business with people of high moral character which is especially important when you are looking for someone to do business with over the long term. You’re clearly uncomfortable with some of this mans beliefs and I feel like you’d be more comfortable with someone else. Keep shopping. Life isn’t all about dollars and cents.

@Mordy Itzkowitz Super rough over there. Doesn’t mean you can’t make money but you will have massive headaches with crime and you won’t attract the best tenants.

@Jason DiClemente these are local NJ banks but you can PM for the names I’ve used over the past year

@Deddeh Howard The north ward and the Ironbound section of newark are great areas for rentals. The surrounding cities like EAst Orange and Irvington are okay but the property taxes are far higher than most of newark. If you want the better tenants no matter where you go try to stay close to the train lines.

@Ariel Hernandez There are a lot of community banks in NJ with excellent programs for investors and are LLC friendly. I've been getting rates in the 4.5-5.2 range 70% LTV. You can PM me and I'll send you some names.

@Joshua Goldberg yeah I own a lot in newark as well as some other towns nearby