All Forum Posts by: Joseph Guzzardi Jr

@Tom Hall you need to narrow down your location and buy box. Single fam vs multi? Fix n flip vs buy n hold. Narrow your location to a county at a minimum, preferably a city/town. What exactly is it you are looking for in an investment property? How are you funding the deal and understand the pros and cons to this? Happy to assist guiding you on this.

@Nicholas Jose you will need to tread very lightly on this. Definitely get in touch with an attorney who deals with evictions and evictions only in your local market. Document everything that has happened, get police records if possible. You are likely going to have to navigate fair housing laws and follow a long, drawn out process to get this family removed. It's possible you can do cash for keys but it's not a guarantee that will work

@Jean-Carlos Alix where in NJ is the property? Where do you see the ARV on this once renovations are complete? Pending location, your future rent may not cover the mortgage, especially if you refi. Having said that, there are options to creatively have this property setup as a rental pending location.

@Mike Mullen Happy to help answer any questions. Investor agent and landlord with multiple properties in NJ.

@Nadiyah M. Give me sec 8 all day. I don't particularly look at credit unless it's related to many missed payments that would make me think they aren't paying rent either. Evictions are much higher on my list than credit.

@Edwin Wealth Cornerstone Title Agency with Eugene Reshetov

@Himanshu Das Before thinking about location you need to consider what your goals are. If you are looking for high cashflow then perhaps out of state is the way to go. Be aware many of these higher cashflow markets do not appreciate like NJ and the tri state area. They also have less resistance to market change, see PHX, many other regions that blew up from 2020-2022 and have cooled off significantly since. If you are looking for the possibility of both cashflow and appreciation then surely NJ is a strong bet, I am biased to this but have also seen the results. Keep in mind, turnkey properties are going to be close to retail price which will give you a higher loan payment, this less cashflow. Not to mention management that you will definitely be paying and need to trust from a distance.

@Robert Webb Open to discussing more about this possible opportunity. 👍

@Cheryl Schuck I invest from Essex down to Cumberland county including Atlantic and Burlington

@Edwin Wealth I came across a point being made on a real estate podcast earlier this week Take Massive Action to generate revenue, then put systems in place after. If you don't have revenue or deals, how do you know your systems will work? My suggestion is put aside all the other things, get out there, find some deals, or find people who can bring you deals.