All Forum Posts by: Ergys Cavo

Hi Pilialoha Nathaniel,

Thank you for the websites and your advice! I really appreciate your help and I wish you have a profitable year!

Cavo

Hi Vanessa,

Thank you very much for the useful information. I found out that a flood plain 500yrs zone is very unlikely to get flooded.

I wish you good luck with your investing.

Hello BP Family! I'm a new Investor from New York. Property values in New York are extremely high, thus I decided to invest in New Jersey. I saw a two family house in Lodi which needs some repairs, around $30K, and is currently selling for $250K. This will be my first deal and I intend to live in one of the units and rent the other one.

However, I don't know much about Lodi and this property is located in a flood plain 500yrs zone. I was wondering, what is the likelihood of a flood in this zone and will it be an issue in the future to sell the home if a better opportunity arises? Also, does any local investor know how much a two bedroom unit would rent for in this area?

Any advice from experienced investors would be greatly appreciated.

Thanks and good luck to you all.

@Guy Gimenez 

Thanks Guy!

A journey of 1000 miles begins with the firs step :)

@Nicki B. 

Hi Nicki,

Thank you for your warm welcome!

I wish you much success as well!

@Elizabeth Colegrove 

Thanks for your valuable advice and recommendation Elizabeth! I can't wait to get my first deal and share it with you guys!

Thanks Clifford! Happy Holidays and good luck to you too! 

@James Wise 

Thank you! I'm glad to be here!

Thanks a lot Brett!

I chose to become a pro member, because this is what I intend to do for a long time.

Hello BP Family!

My name is Ergys and I'm so happy to be a member of this wonderful family! I'm from Brooklyn, NY and started learning about REI in a seminar held in November. Ever since, I've been devoting my time educating myself on REI and searching sites online. BP is one of the best sites I came across! Currently, I'm going for my RE Salesperson License and will start working for a RE Broker first. However, my intentions are to become a REI, not a RE Salesperson.

Looking foreword to get started and land my firs deal in about 3 months, either a wholesale or rehab deal. I can't wait to share my stories and lessons with you guys! My long term goals are to build a rental portfolio and become financially independent.

Good Luck to all of the investors!