All Forum Posts by: Anthony Aiello

JAX is on fire. Stay away

Bergen county or North Bergen? I feel like your expenses will be much more than that on a 4 family. Taxes will be 10k+?

Hey Nathan, I am a landlord and cash buyer in JAX. Would love to connect and see if there is an opportunity to work together. 

thanks

Hey guys, love the networking here. I'm finishing up renovating a single family and 2 multi family's in jax. Would love to connect with other investors in the area. Feel free to message me. 

Hey Ryan, I am also investing in Jacksonville. Would love to connect with you. I may be able get you in touch with the right lender too.

Charlie,

You should still be able to find a lender to qualify you for a convectional mortgage even while being on Unemployment for 2020, If you are currently employed. Private message me if you would like a recommendation.

I would also be wary though as most home prices outside of the City have exploded. 

Me too. Is there still a meet up?

There is nothing unrenovated on the NJ market currently. It is the price we pay for renovated homes appreciating 20%+ in a year.

I think there will be more inventory once the moratorium is lifted but who knows that that will do to retail prices. 

I am not sure about your state's landlord/tenant laws but in New Jersey you are still able to file evictions for lease violations other than non-payment. For example, destruction of property, smoking, hoarding, unauthorized tenants, subleasing etc.

However, it is a different process. You have to file a "notice to cease" then a "notice to quit" first.