All Forum Posts by: Johnathan Boyle

@Cody Z. Definitely could help. As far as the gang below, Bergen county is difficult to get into for a multi that will cash flow positively due to taxes and prices of homes. If the numbers don't add up, I would recommend looking into other areas. Some not as desirable areas will cash flow nicely and will teach you a lot about PM. Of course, you would need to have a stomach to deal with some difficult tenants sometimes. Regardless, it could always be a beginning home as well and you can upgrade through the years as you cash flow. As far as turn key properties, it all depends on the area, the provider, and the price as anything could be a deal as long as it is right on the PRICE or the TERMS. lol. As far as the HELOC part, I am not sure you will have enough equity at that point unless you got all 3 properties at a severe discount. Consequently, most turn key providers don't give much equity from what I've seen. Overall, I would see if you expand your search across NJ. I've always been told to invest in your own back yard first.

Calvin T. How do you plan on financing them?

Vaughn Smith what areas are you looking into and how do you plan to purchase?

@Tatiana Duarte Okay no problem. Sorry sometimes its misconstrued via plain text. lol. 

I would agree it is worth to try it and see if you can or cannot. Worst case is that you lose a little bit of money and realize you prefer a property management company. (Just make sure to account for it when purchasing). As far as tips, don't be afraid to jump right in. Analysis paralysis is crippling and happened to me originally, but now I learn as I go. As far as reading, reading the forums and being a part of it is very helpful and just networking in local REIA groups where you want to invest in will be life saving down the road as there is a ton of knowledge there. Everything I know is self-taught/networking. As far as books, honestly don't read, but I do use audible and some books I've read are the book on managing rental properties by brandon turner, the e-myth, the millionaire real estate investor, and the section 8 bible (although I know you don't plan to go that route, it is a nice read). As far as mindset, 10x by grant cardone. and I listen to gary Vee podcasts as well for social media marketing and mindset as an entrepreneur. If you have any questions, feel free to reach out as well!

@Tatiana Duarte

Sorry if it seemed like I am grilling you. lol. I just wanted to make sure you had the right intentions and know what you are doing. I come here on the forums day in and day out and find people who think they know what they want to do, but clearly do not have literally anything planned out (even the financing piece). So I wasn't sure if you would be one of those people that I can give some sort of advice to based on their answers. Therefore, I apologize if you took it that way and as long as you are confident in what you are doing, then go for it. Also, as you have probably heard in several podcasts, investing in your own backyard is typically where most people start out. However, south jersey isn't too far and you clearly know more about it than I do. lol. 

As far as myself, yes I live and invest in NNJ. I have two flip projects that will start at the end of May and June in Belleville, I am closing on my first personal property in Irvington beginning of May and have helped at least half a dozen investors in their investing needs in NNJ as their agent. 

Finally, I'm always open to new insight if you don't mind sharing some of those reports you mentioned. Just my opinion that Northern NJ may have taxes that are way too high, but the property values appreciate more quickly as well and I don't think we are at the top for another 2 years or so and there is still a way to profit if you are comfortable with section 8 which you clearly aren't which is understandable. Overall, when people ask questions about your posts in the future, we are just trying to know more about your mindset and to help. You don't have to be combative when we are all here to help one another =) Have a great day. 

Gerold Koch ok no problem. Wasn't sure if they could help, but I do know they're very reputable for investors in the area. I've used them a few times already. But never for your situation.

Cody Zucker I recommend Casey Egger as she is the go to real estate investor friendly attorney I use. Her and her team are on top of everything. Also, if those lenders do not work out for you, feel free to reach out and I can recommend a few as well. Finally, what are some of your goals more exactly for target area you plan to buy in?

Hi Tatiana Duarte , how do you plan to finance a home and why south jersey when you live in north jersey? I understand the taxes but I guess my question is do you have experience with managing tenants?

Have you tried qualified tank services?

Hi @Sunny Shakhawala sorry for the late reply. I didn't realize you responded. I specialize in 2-4 unit buildings, but I could be on the look out for those types of projects as well. What I can do, because Clifton/Passaic are two areas my partner and I plan to expand to in the near future, I can start marketing for off-market deals, get them UC and wholesale them to you or something else we agree upon later down the road. May take a little bit since those would be new areas to me to start marketing to, but I can keep you posted.