All Forum Posts by: Dan Barli

Hi @Claudia Fernandez, I invest in other states in the midwest and south. Those are more favorable markets in my opinion. If you want to discuss further, message me and we can chat. 

Yes, the NJ tenancy laws and high taxes make it prohibitive to invest here. 

@Shaun J. I’ve seen varied seasoning requirements in fannie and Freddie properties. It depends on what they contain in the contracts and deeds. Where is/are the property(ies?)

@Jack Edward Johnson I wouldn’t personally pay an appraiser to inflate the value if that’s what you’re asking

@Joe Capobianco yes I'm a real estate attorney in NJ and can help you. If your property is in another state, I would suggest you speak with a lawyer in that area. DM me and we can set up a time. 

@Carlos Valadez you likely will have to go to real estate school to get your license as a real estate agent.

@Daniel Mendez my advice I give to anyone looking to utilize the BRRR strategy is to make sure your final R is locked in place. You need to make sure you can refinance out into a favorable mortgage product. Otherwise all your hard work could be in jeapordy.

@Robbie Pollock Jr have you already spoken with a mortgage officer about the va requirements? I’m not sure how long you have to live there (fha for example has a 2-year requirement I think). If the numbers make sense for you to cash flow after moving out, then that’s a plus. Just be wary in NJ about taxes and the effect of a non-paying tenant.

@Michael Babin congratulations!! Keep going!

@Charles RIchardson it depends on what your goals are and what you’re looking for out of real estate. There are many avenues you can pursue so I would get clear in what you truly are seeking which will guide your decision.

@April Bellard have you gone to local REIA meetings? Direct mail is always a good way to contact them as well.