All Forum Posts by: Abraham Cohen

I went to Israel just after my 25th.

I am a real estate agent in NJ and I only deal with commercial.
I can tell you that a commercial investor is a totally different machine than a residential (1-4 units) investor.
1-4 unit residential properties take alot more effort(generally) to run and maintain but the investor has the opportunity to be alot more involved in their property than a commercial investor does, if that is what they want.
A commercial investor generally does not want to be so involved in their property unless they are running a management company which handles many properties or unless they are an owner/user which has surplus space which is rented out.
I suppose it depends on how personal you take your REI and whether you can deal with not being able to be involved in your properties everyday mechanics.

It's always a good time to invest in real estate. You have to invest in the right place and the right property type though.
Research all states and cities as well as all property types before you decide whether real estate is the right invetment for you.

Single family houses leave you with the most flexibility. You are in control of your property and tenants as opposed to a condo association.

It seems like a realistic situation.

You are working on a high risk property, would you lend someone in the same position money without collateral?

I can rep you out here.
I am in Brooklyn.

Leverage.....
Spread the money as thin as you can....
Do you have equity in any properties right now?
Can you use this equity to offset your lack of funds?
85K is not alot of money you know...
If its all you got, you are better of building capital by flipping houses, when you have 500K, start buying to hold using leverage to buy as much as possible.
Do this, you may be a millionaire in >2 years.

Join your local REIC.
Real estate investment club, see what other people around you are doing, and it what areas they are doing it.
Flipping may be good in one town and not good in another.

Ideally, if it's paid you can get a letter from the creditor that it is paid, then send this letter to the credit agencies asking to remove the blemish.
Or pay someone to do it for you!