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All Forum Posts by: Nick Intrieri

Nick Intrieri has started 7 posts and replied 35 times.

Post: investor in Multifamilies Hudson County

Nick IntrieriPosted
  • Union City, NJ
  • Posts 39
  • Votes 14

Hi @Brandon Arce Welcome to the boards! @John Errico and I run a monthly meet-up for Hudson county investors at a restaurant in the area. Plenty of Union City & Jersey City investors attend. Let me know if you'd like to come to the next one. Good luck with the auction, would love to hear more about it. 

Nick

Post: Investing in Multifamily in Union City NJ

Nick IntrieriPosted
  • Union City, NJ
  • Posts 39
  • Votes 14
Can you invite me to coffee too? Nate S. John Errico ? ;) Nate S. I'm going through renovations right now on my first Union City investment property so hopefully I can help you like John helped me... Also we can always use more members in our local NJ meet-up!

Post: Newbie From New York City

Nick IntrieriPosted
  • Union City, NJ
  • Posts 39
  • Votes 14

Welcome @Kin Hei Lam

Jersey City is a great market. Being from New York, you should take some time to come across the river and investigate the city. There are MANY different elements to Jersey City, it is very large and diverse. Even in a sub market such as Journal Square, there are niches and favorable/un-favorable blocks within that niche. 

There is a group of local JC investors that meet once a month to discuss real estate specific to Jersey City (and Union City). If you are interested, shoot me a PM with your email and I'll add you to the email chain. 

Nick

Post: New Investor from Hoboken!

Nick IntrieriPosted
  • Union City, NJ
  • Posts 39
  • Votes 14

Welcome @Barbora Oborna Jersey City and Union City are both great, up and coming markets. 

There is a group of us local investors to those markets that meet-up at a bar in JC Heights once a month to talk local real estate. Shoot me a PM with your email address if you'd like to be added to the email chain. 

Nick

Welcome to BP @Maureen Campbell!

I'm primarily investing in North Jersey now, but I went to college in Philly and I was casually looking at the Atlantic City area over the summer. Atlantic City is an interesting case. There are some crazy, and I mean crazy, cheap properties down there right on the MLS. AC is very spotty right now, a lot of riff raff but some pockets of blocks in certain areas are nice. If you read some of the articles on major projects in AC it could turn around in 5 years. Richard Stockton college trying to come in plus Glen Straub trying to turn Revel into a more family friendly water park. Def a big risk right now but still interesting...

Brigantine and the surrounding beach towns are nicer but much harder to find deals. 

In every case anything in a flood zone you are going to pay out the wazoo for flood insurance. That makes it tough for the numbers to work unless you get a crazy deal. 

I'm in as well for Hudson County. Thanks @Darren Sager !

Post: Searching for a reliable team

Nick IntrieriPosted
  • Union City, NJ
  • Posts 39
  • Votes 14

Hi @Calvin Kwock welcome to BP. I can add your to our next local jersey city real estate meetup email chain if you'd like. @John Errico and a few others attended last month and it was a fun time. Lots of great information shared. 

Shoot me a PM with your email and I will add you to email chain. This goes for anyone else lthat is looking to  meet up to discuss real estate in Jersey City or surrounding areas (Weehawken/Union City/etc). 

Hi @Ani Sanyal I would love to connect with you and here your thoughts. I have looked hard at JC Heights in the last 6 months and it's definately been a seller's market. Feel like I just missed the boat on this one although I am continuing to look. My primary residence is on the border of Union City and JC Heights and I can definately see the "Brooklyn" type of transition taking place. 

I think your idea is not a bad one, although I haven't looked that hard at those areas of JC. Union City is also not a bad place to look, and it is very close to JC Heights. I have been focusing on this area as of late. 

Let's connect in person and talk further. There are quite a few people on BiggerPockets in the JC area and it would be fun to all get together to talk real estate. 

I'll send all @Sant S. @Sunny Suh @Louis Smith @Mike Swiss a private message to collect email addresses and I'll send an email and we will go from there on a coffee date/time. Already have @John Errico info...

Mod Cup may not be able to fit all of us!

@John Errico @Sunny Suh I think the 3 of us should meet up and talk strategy sometime! Mod Cup in JC Heights for coffee?