All Forum Posts by: Jonathan Herron

@Rafael Campos I assist client with both assignment and double closes. I sent you a pm with my email address. 

@Robbie McCarthy I have the names of a couple insurance people who might be able to assist you.  I will send you them in a pm.

@Andrew Major and @Eric Upchurch thank you both for your service. 

To answer a couple of your questions @Andrew Major I have clients who have found South Jersey to be extremely fruitful for investment opportunities.  Glassboro has seen a large amount of development and the towns surrounding it are seeing growth as well.  There is serious talk of creating a light rail line to connect Gloucester County to Philly.  

The VA loan can be a help in getting funding to purchase your first property. The other beautiful part of the VA loan is that once it is repaid you are eligible for another loan. If you use a proper strategy you can find yourself not needing large down payments to purchase investment properties. The downside, of course, is that the VA loan has a few more restrictions which can limit properties you can purchase which require more renovation for a lower price.

Aside from the agent and lawyer, I would advise having a solid home inspector, CPA, contractors (general, painter, plumbing, electric etc.) on your team.  Making sure that these people can work well together helps to make sure that your vision for your investments is coming true with a common goal.  Feel free to pm me for referrals to professionals in South Jersey.

@Mike N. Welcome to REI in South Jersey. The beginning of a new journey is always an exciting time.

I represent clients throughout South Jersey in real estate matters. My office is in Marlton. (Near the AMC on 73). The main two things to get from a professional you might hire is:

1.  Do you feel comfortable with them

2.  Do they understand what your goals are and do they have a plan to make them come to fruition?

The best way to get the answers to those questions is to have a conversation with that person.  Typically, you will be able to tell within 30 minutes if you have the comfort to work with this person for a length of time.  You should also know by the end of the first meeting if they can implement a strategy to help make your vision a reality.

@Michael P.  Sorry to be late to this post but if you are seeking section 8 tenants make sure to comply with section 8 regulations when doing your screening and when drafting your lease.

The same is largely true for Veterans Affairs Supportive Housing (VASH or HUD-VASH).

@Sean J Phillips welcome to South Jersey real estate investing.  These forums are a great resource.  @Stephen Kappre is a great resource in the area.  If there's ever anything I can do to help you out feel free to contact me.

Congratulations on your first flip Larry.  Welcome to the world of South Jersey real estate investment!

Whether to use a single llc or multiple llcs depends on your asset protection and business strategy.  An llc is not something to use instead of insurance but with insurance to protect you as an investor and, for some, to separate your personal from professional.  From a tax perspective there usually is no difference.

Thanks for the heads up @James Masotti.

@Daniel Kent@Dwight Will and @Amina Sanders South Jersey is a great area for various investment opportunities.  To Daniel's comment, I would also love to connect and share any advice I can.  Also, check out the SJREIA.  They have monthly meetings of both the larger group and various subgroups.