All Forum Posts by: Joseph Guzzardi Jr

@Eric Kummer my pleasure. Shoot me a message. I did Provident Legacy School. Was an online at your own pace course. Not sure if that specific program still exists but it came about due to Covid-19.

@Pamela Mishra I agree with what @Ray Reed posted and mentioned. Best way would be to owner occupy that unit. Having said that, there are alot of misconceptions about Section 8 tenants. Can possibly be the least risky for a newer investor given the current eviction moratorium and King Phil Murphy in NJ at the moment. I'm sure there are plenty of investors who were sleeping very well at night knowing they were getting guaranteed income the first of every month. Something to consider...

@Genevieve Ndegwa

Welcome to BP! Education and networking will be two powerful items to focus on, especially early on. There's many different ways to invest in real estate. Don't get caught up in the shiny object syndrome.

@Michael Macaluso I have 2 local NJ asset based lenders that can assist you who I've personally worked with. Shoot me a message

@Miguell Botello yessir myself and the team I work with focus on buying 2-4 unit MFR to the tune of buying/selling 100+ per year.

@Vidyadhar R. Congrats on starting your journey and great to connect with you. I would say in terms of advice don't get caught up in all the over bidding. What I mean by that is if you are buying long term, and your numbers work, pull the trigger on a property. 20 years from now that property will likely be worth more with loan paydown. Also work with an agent who actually owns rental properties and is actively investing. Feel free to message me. I focus in Middlesex and monmouth counties.

@Michael Peters check out Ryan Commesso with First Equity Funding

@Sidney Garcia I have one in Asbury Park/Neptune and one in Atlantic City. There are many factors subjectively and objectively to consider. If you plan on doing FHA you need to consider areas you want to live in, even if it's just for a year or so. Also depends on if you plan on managing or have a property manager.

If your looking for appreciation you should be looking into areas that have redevelopment plans,ie: Atlantic City is a place I'm very bullish on at the moment. Lots of things happening but also very block to block so you need someone who knows the area. Shoot me a message if you have any other questions.

@Sidney Garcia yes two triplexes. Done conventionally. Focus is on value add MFR with under market rents utilizing BRRRR moving fwd.

@Sidney Garcia @Carlos Albarracin @Steve Schulman. What the 2 gentlemen before me have stated is accurate. There's definitely opportunity in NJ, you just need to get out, see where you like and what's important to you. Hometownlocator.com is another good online place to find out the info you discussed.