All Forum Posts by: Jake Drappi

Hello all,

I am looking to connect with local property managers in Middlesex county, NJ, as I am currently looking to purchase a duplex or triplex in the area. I  am looking at connecting with local PM's to start getting an idea of what services are available and the % charged on a monthly basis.  Any referrals would be greatly appreciated.  Thank you in advance!

Jake Drappi

@Sam Shueh thank you for your input Sam!

@Aaron Caminati thank you for your response, that is hopefully the situation I will find myself in in the next few months!

wow... thanks @Charlie MacPherson  I did not think that there was this much headache involved in short sales.  Do you know if short sales are more or less competitive than traditional sale of investment properties?  I was originally thinking I was going to house hack this property, but I have a family and this might not work.  My wife gave me 2 years of flexibility before I have to buy our semi-permanent spot, as our daughter will be ready for public school by then, so this may not be the route for us.

@Wayne Brooks Thank you for your input.  How would I inquiry about the liens?  Is there a lien assessment portal or website that I can look that up or would that be a question for the agent?

@brett 

@Brett Goldsmith Thank you for your response.  I will have to keep reading to figure out what makes a short sale a good or bad deal.  thanks again!

@Dalton Dykes does your job know your plan? Just a heads up, this is a public website. And if someone were to google your name, this could come up.... just a heads up.

Hello BP community!

Like many parts of the country, central and northern NJ are blazing hot markets. Houses are flying off the shelves at very high prices. I did come across a property that seems to be well below market, but I just found out it is a short sale. I will hopefully going to see it this week, but wanted to see what opinions I could foster here on whether short sales are good options for buy and hold and hopefully carpet and paint BRRRR investing.

Thanks!

@Jon Schwartz thank you for your response Jon.  I didn't even think of that, so it is very helpful.

@Jake Arnold Yes, you are correct.  Investing always has risks.  Another concern I have is inheriting tenants, especially right now with the current laws. Did you inherit tenants on your place?