All Forum Posts by: Chris Connery

no, I was saying that your math is right if they offer 65%LTV. I was just offering another option for more cash.

@Arthur Voskanyan I just got blasted with calls from a company called Homeside(apparently a large lender) that does 95%ltv helocs, rates they claim are in the 4% range. I'm not endorsing, because I have not used them. But I will be looking into it in the next few months. Wondering what the catch is, if there is one.

And yes, I think your math is right on your last post.

You're right. My point was it's definitely not a bleak situation in Rochester, IMO. Which I'm sure you already know.

Thank you John 

@Izzi S.  I don't have anything in paulsboro. I would compare the town to Woodbury. But I would say it's probably on a faster decline.

I agree with you, I have a very hard time finding rentals in collingswood that are cash positive enough for me to consider. Gloucester city does scare me a little, the proximity to Camden. I do not have any experience with college rentals, I have a client that is a large investor in glassboro that swears by it. They rent by the "bed" as opposed to the unit, which I know nothing about, more tenants per unit. Also Audubon/barrington has a large duplex market. And probably an even better market to flip in. I'm currently looking for 4 plex's and I am not finding much in Camden county at the moment.

Gloucester city has a lot of inventory. I'm also looking at Woodbury which I would call a B-. Rowan college in glassboro is growing tremendously so if college students don't scare you there could be some great opportunity in glassboro/pitman. Collingswood/haddon township in Camden county are becoming THE place to live now. 20 minute train commute via PATCO in Philadelphia, along with a younger demographic are causing that. Perfect towns for flips.

@Aqil Dharamsey@Jennifer D.

Paychex is a fortune 1000 company headquartered in Rochester. 

thanks Joel

Thank you for the in depth response matt, very helpful.