All Forum Posts by: Cameron Baher

@Kyle Bambu 

what resources did yo use to find wholesale homes in that market?

@Kyle Bambu what resources did yo use to find wholesale homes in that market?

@Chris Martino

Interesting, thank you very much for the info. I was looking at some properties in jersey city in that area as well. Do you have any input on western NJ? (E.g. phillipsburg)

@Paul Scozzari

I’m in Bergen county. Was looking at multis in Garfield area & condos in Hackensack & jersey city. Basically, any area that has access straight to NYC

Hey guys,

I’ve been doing extensive research and am looking to invest in about a year’s time. I live in NJ and want to invest in NJ so I can get that landlord experience before even thinking about investing out of state.

I've noticed that it's exceedingly difficult to find a good multi family home and am thinking about just getting a SFH/Condo instead. I was wondering if anyone had experiences with that and what areas I should be looking at.

My budget for a multi family all in was ~$400k

Hey guys,

I’ve been doing a lot of research in NJ’s market and a year from now I’d like to purchase my first investing property. Ive been looking at philipsburg and the numbers seem to be working but I’m curious to hear other’s takes on it.

@Jason Lee

You’re right, That was it. Thank you!

@Russell Brazil

This is what’s listed on Redfin:

Homeowners Association Information:

Board Association Charge: $300, $200 MOVE, $500 DEP

Board Requirement: 4:1 ITD 25% DOWN

Maintenance Charge: $1,296.12

I don’t see anything other than that

Hey guys,

First post and new to the community.

I’ve been researching real estate options over the past year or so and want to continue building my savings before I jump in but I’ve listened to a wide array of podcasts from biggerpockets. Lots of good info!

But anyway, I’m in NJ and it’s not the easiest market to get into. Ideally I’d like to find a multi-fam but I’ve been noticing a decent amount of 1br condos in Fort Lee around $100k.

If I put down 20% I’d probably be paying about 550 a month for my mortgage. I checked craigslist and rent goes for about $2k.

That would cover both the 50% rule and 2% rule. But this almost seems like a mistake? Am I missing something? Or am I just over analyzing?