All Forum Posts by: Cody Z.

@Dan Mackin Thanks for the quick response. I have cash ready to deploy but was considering the relationship piece as well. Good luck!

Great question, to piggy back on this, are local community banks out of state investor friendly on these types of deals?

Hey Jon, Thanks for responding! I appreciate the reference and would love to discuss lenders that you have made a connection with. I've lived in NJ my entire life and was originally planning on doing a house hack, but after discussing my options (Market Comps)/cash position with my lender it seems it would require a lot more time to get into this market (currently looking in Bergen county for those familiar) and the #''s don't seem to add up to cash flow. I have been heavily considering buying turn key multi family units (Triplex/Quad) that are already cash flowing in other markets and using a property manager to purchase my first few. I figure once I get 2-3, I can take a HELOC or something of the same substance to continue my portfolio growth. Thoughts?

Hello BP Community Members,

I've been lurking on here for a few months and decided it was time to pull the trigger. Just wanted to give a quick introduction, My name is Cody, and I am a licensed CPA currently working at a financial services firm in the city. I have been working for a few years (started at a Big 4 public accounting firm) and have now recently transitioned into the private sector. In the last year I have really started to hammer out my goals and truly started to identify the traits of my version of success. During this process I stumbled upon Bigger Pockets and I couldn't be more grateful. Creating a real estate investment portfolio is essential if you're looking to build long-term wealth and lower your yearly tax bill relative to W-2 earners. I hope to connect with folks in the Tri-State area for networking and educational meetups as well as general discussion if interested. I am currently looking for a multi-family property to live in/rent using FHA finance.

I am meeting with local/national lenders this week to get my pre-approvals done, but would love to hear the communities thoughts/advice on who they might have in regards to picking an attorney/contractor in the North Jersey (Union/Bergen) areas to assist with the process.

Thanks for reading and I look forward to contributing to the community!

Best,

Cody