All Forum Posts by: Chris Masons

I believe you can go FHA and instead of 3.5 put 5% down. They won't say no to more then the minimum I am pretty sure.... :)

Where abouts in NJ?

Good luck and Congrats! My first property was a 4 family with an FHA loan and I put much more down.

thx,

Chris

what town is your property in?

You have been given some solid advice from Upend and James.

Best of luck with your new property!!

Regards

Chris

Hi Gary

welcome. You seem to do a lot of what I do here in NJ. I too invest in small multis and single families for long term cash flow and appreciation. I invest in north/central NJ and am always looking for my next deal. I'd love to partner up on bigger stuff as well.

nice to meet you.

kind regards

chris

what caused credit to drop to this level?

thx

chris

I have a large 4 bedroom property in union I will be selling in a year. willing to do owner financing if you think you may be interested in it..

regards

chris

Welcome Jesse. Sit down relax and absorb all the information you can here. This place is truly a blessing for any level real estate investor.

Good luck!!

Chris

Welcome Rodney!

I invest in my backyard (North Jersey) however if you plan to invest out of state you should consider management costs and add that to your expenses when working the numbers as traveling back and fourth dealing with issues will surely burn you out before you become profitable.

I manage quite a bit of single and multi families in NJ myself but I live a stones throw away from then. Well not that close but 20 min. drive.

good luck and welcome. Above all know your market and or link up with people who know it well!!

Chris

Congrats  @Tristian Cox that's great! Sounds like you are off to a great start!

Feel free to PM me and I would be happy to put you in touch with my guys.

Good luck with the closing and hope all goes smooth. I am about to close on s small condo in North Plainfield actually. Pretty much rent ready which is great for me!

regards,

Chris

hi Tristian

What kind of work are you looking to have done? I have a great HVAC plumber and electrician who I know will service Plainfield area.

Thx

Chris

Hi Tristian

There is no set min or max however 2 to 3%  of total purchase price is a very loose guideline.

You can try to negotiate the seller to pick up some of these costs as well.

Good luck!

Chris

that would be an investors dream!!! Who ever told you this, I wouldn't believe much else of what they are saying either. Could have been a misunderstanding also but like others are saying... No way out of paying your property taxes.

Regards

Chris