All Forum Posts by: Joseph Guzzardi Jr

@Codie Gillette I myself live in NY and invest in NJ. Happy to discuss my experience.

@Brandon Morgan There's a reason why NJ and NY markets continue to rise. These are historically strong markets with solid appreciation. I strongly recommend researching an out of state market area extensively. The Florida market is dealing with crazy insurance issues right now. Other markets may seem to cashflow a little better but compare the rents and price and see if it makes sense.

@Sumit Aggarwal Hi Sumit. I'm a local investor and agent in NJ. Happy to connect and help you find your next deal.

@Burt McCarroll Welcome to BP. I am a local investor and agent in NJ. Having your license will definitely have it's advantages when it comes to investing. Will also allow you to manage intro conversations better with other agents when you are looking for deals as an investor. Happy to connect further.

@Stephanie Cortez You find the best deals by either going direct to seller or having a strong relationship with wholesalers/agents. Don't look for the homerun right off the bat. Get a few base hits with a couple of wholesalers or agents and you will see that once people notice you can close, better deals will flow your way.

@Jonathan Bell Welcome to the community. If you are looking for assets or assistance in NJ happy to help.

 This isn't true at all. You need to buy right, ideally have at least one unit vacant. The price to rent ratio in AC is way better than Newark but you need to understand each and every block there. I invest in both areas. 

@Abby Flynn if you are buying a pure rental, yes LLC is worth it. It's about 150 bucks and annually about 75 after. Can also start building biz credit if you learn about it.

Got started with a cash out refi of about 100k

If you do not own a property yet, you can possibly go with low 5% conventional financing depending on your situation and lender.

Hope this was helpful

@Elizabeth Taras I cannot comment on the tax perspective here; however, I'd say buy a lower priced small MFR to get your feet wet where you can force value. I would only consider a flip if you partner with a trusted expert for your first deal.

@Daniel Kosciuszko be prepared wherever you invest to pull out anywhere from 50-80% of your money if it's a good deal. Rarely will you be able to pull out 100% of your money in year 1.