All Forum Posts by: Johnathan Boyle

Su Soma I could be mistaken but are you asking about how would you know how much to bring in a cashier check?

Christine Etienne welcome to BP. How long have you been in real estate and what is the market you are looking at and what strategy are you looking at?

Andrew Bukowski welcome to BP. I'm a bit confused. You're looking for a mentor?

@Account Closed That is awesome. Semper Fi! I have seen the sheriff sales and sometimes believe me when I say they are too good to be true. lol. Would you mind if I reached out for your contracting services when I find a deal in Newark or the surrounding areas? 

@Account Closed I see you were a Marine yourself as well. When did you serve? Also, have you done any projects for other people in NJ yet? 

@Nauman Shah I think of Newark as any large city. There are good parts and bad parts. As in another thread, you mostly want to look at properties in the North ward, Ironbound, and west parts of Newark. However, past those areas, you might want to look street by street and actually drive some of them and see them during the day and night to see how you feel about them. As a former Marine, I find myself to be more risk-taking when I look at areas, but I do not know your temperament. I do agree with @Account Closed that it may be more difficult to handle Newark rent control ordinance, but if you partner up with someone that has experience for the first deal or 2, I do not see you having much trouble. Also, Newark is the only city I know that has such low taxes and prices on homes so you can basically take it as a learning experience and not lose your shirt compared to many other towns in NJ. Next, I don't know many areas where you can invest approx. $120k-$150k, taxes approx. $5-6k a year and have a 3 family in which you can earn around $3000-3600 a month in rent. Of course, in those areas, you would be more inclined to work with section 8 as well. Disclaimer: I do not own a property in Newark just yet (working on that as we speak), but I do know about half a dozen investors who own in Newark and have shown me it is worth taking a look at. 

Nick Grubb welcome to BP. Plainfield is a very specific market that is definitely up and coming. I know two developers that have been fix and flipping/ buy and holding in that area since the early 2000s.

Rameez A. Welcome to BiggerPockets! Take advantage of the forums for any questions you may have. There is more than enough information that someone will be able to answer you. Also, start deciding what you want to do exactly so you aren't spread so thin. Thank you.

Jack OConnell welcome to BP. I know you mentioned 3 states but where is your experience mostly from?

@Kevin Schaefer Welcome to BP. The key is to network with everyone you can and absorb as much knowledge as possible. Also, when a deal does come by, don't jump at the first chance, but be aware that procrastination is the killer of any action. Also, find a local real estate agent that knows your market. I hope you have a great day!