All Forum Posts by: Jake Handler

For house hacking- of course.  Understanding and educating yourself on the advantage of different forms of financing is an excellent way to get started and feel more comfortable about the process.

Have you considered putting <20% down for your house hack?

Mert, there are 55,000 realtors in New Jersey.  If you are handing out your business card to people you meet, you are very much like 54,000 of them.  Be uncommon and ADD VALUE to people.  You seem like a very intelligent and hardworking person; I'm sure you can come up with a value proposition that is unique to you.  That will bring you earned-leads.  For life. Good luck!

Not positive on the lien part, but in terms of finding a cash flowing multifamily... I would urge you to recognize that when you bought your other properties, it may have been a different market. In the past the numbers might have penciled way easier than they do now. Now, they still could pencil... but you have to be more creative and have more of a value add strategy- such as forced appreciation, adding a unit, adding a level, MTR/STR, etc

@Abena Edusei I like where your head is at with your perspective on the effectiveness of real estate investing, but what stands out to me are the states you mentioned in the above comment.  Be careful of the shiny object syndrome.  I know those states are the most commonly tossed around names for landlord-friendly states... but if everyone else is doing it, is that also what you want to be doing?  Would caution you even further if you like those states because they are "cheaper."  To me, if an area seems "favorable" from a google search, I'm too late on it.

I would challenge you to dig wayyy deeper.  Naming preferred states to invest in is as broad as saying "I want food for dinner."  What city? What part of the city? What street?  What side of the street?

I personally love investing in NJ because 1) google says not to, and 2) I know the answers to my questions I just asked.

To each their own and I wish you a ton of success!

Very important to not only understand the rent control laws, but also the vacancy decontrol laws.

I recommend reading Small and Mighty Real Estate Investor.  Might change your view on the "doors" conversation.  Good luck!

Yes

Is there a bad market to BRRRR? It's kinda like free food. Even if you don't like it that much, you eat it because it's free

Acquiring the seller's interest rate and seller financing are not the same.  Just like all sales, it has to make sense for all parties.  There's great educational information on youtube for this (and really everything haha).