All Forum Posts by: Erik Cabral

@Virginia Jones this was a big help, Virginia. Thanks for sharing! How is your business going so far? Has this business plan helped you to stay focused and on the right path when looking for homes and making decisions?

Hey folks, I'm looking at a potential buy and hold property in Hamilton, NJ. Does anyone have good/bad experience they can share regarding tenants and what my vacancy rates could potentially be (5-8%)? Thanks!

Reviving this thread... does anyone know what rent is going for in the Arm & Hammer Park area (specifically Lamberton St.)?

@Michael Quarles is this something you can upload (if you haven't already) to the Fileplace: Free files?

@Brian Garrett yeah, apologies. I figured that was more likely your question. I'm interested in the answer to this as well. Hopefully someone will have a better answer than I did ;)

@Brian Garrett I'm assuming you're referring to the cashflow from the rent you'll be receiving from your BRRRR to reinvest into the next property? This technically is "income" but probably not enough to justify a refinance. From my understanding the "refinance" part of the BRRRR strategy is key. I've included a link to a webinar that speaks in detail about this strategy. You may need a Pro account to access this though...

https://www.biggerpockets.com/proreplay/194-how-to...

Hi @Sandy Boateng I'm new to REI as well and in the Hamilton area. Looking to make my first investment soon in a flip (most likely in the Mercer County area). Welcome to BP and good luck!!

@Keith N. That's amazing. My sister pays about .05% in Jacksonville, NC. New Jersey is unreal... the general tax rate in the state is about 2.2%. Where I live (drumroll) 2.9!!! Which I believe is one of, if not THE highest in the nation.

Hey folks! I recently came upon an article on Forbes listing the Top 20 Cities to invest in for 2017. They provided a small chart reflecting the Top 5 but I've expanded it to include their entire list. 

Hope this helps some of you! Enjoy!

Erik

Source: https://www.forbes.com/sites/samanthasharf/2017/01/10/best-buy-cities-where-to-invest-in-housing-in-2017/#14ee631f22ab

@Chris Martin The projections I was referring to was specifically Charlotte and Raleigh, not Jacksonville.  But thanks for that graph and numbers.

@Thomas Parsley I do have an agent in Jacksonville (my sister). At this point, I'm most likely investing in NJ. I am interested in the NC market though and will continue to monitor the growth and opportunities there. Thanks for reaching out!