All Forum Posts by: Jiwon Lee

Hi all,

I am looking to buy a SFH in Philadelphia at around $100,000 with rehab of $50,000. Any recommendation of hard money or private lenders? I greatly appreciate your input.

MLS through an agent! Bought in NJ.

I encountered same issues when I bought my condo in Hoboken, NJ. I bought it thinking to hold for 10+ years and looked at appreciation and better tenant pool. What's your goal? I think NYC is very hard to make + cash flow so many people decides to go to out of state, upstate NY and/or south NJ. 

SpareRoom and Roomi are other apps people use.

Yes, I am here!

@Matthew Eaton @Preston Garcia Sounds good. See you on 4/29!

@Matthew Eaton @Preston Garcia Sounds good! Any meetup place rec on Friday?

Hi Rochester NY investors!

My name is Jiwon Lee and I am a travel nurse house hacking in Hoboken, NJ, working in Rochester, NY for an assignment. I would like to meet anyone interested in a Rochester meetup on Friday, 4/29. I am a rookie and I would love to talk to any new and seasoned investors in the area. 

Congrats on being interested in real estate! You're ahead of the game by trying to studying the market so early. I live and work in NYC and am buying in Hoboken, NJ. 

1. Classic - Rich Dad Poor Dad. I liked The Millionaire Real Estate Investor as well.

2. Depends on how much money you have saved up, your credit, whether you have a partner etc. If you want to put as little as 3-5% down to buy, research conventional or FHA.

3. If you're looking for cash flow, I find the five boroughs of NYC difficult but you can do analysis yourself.

https://www.biggerpockets.com/...

If you go further away from Manhattan, you may be able to break even if you get creative (e.g., house hacking, creating an extra bedroom, etc.) . I see many people living in the city investing long-distance.

4. I contacted many through BP network - real estate agents. I can let you know some too if you message me.

5. Realtors have access to the MLS. I recommend you have a clear criteria of what you want. Also it's helpful if you have a preapproval with a lender if you are using leverage.

@Eric Ng Great- I look forward to meeting everybody!