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All Forum Posts by: Jonathan Soto

Jonathan Soto has started 7 posts and replied 673 times.

This is awesome, congrats on the success and all your future projects. i'm looking into transitioning over to flipping myself as I have a few rentals in NJ. I will sure to have one under my belt before end of year as my wife and I will be on the same page as Chris and yourself.

Keep inspiring and providing us updates. it goes a long way.

Post: Thoughts on an Airbnb in Newark Weequahic area

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

Hi BP members, 

I'm getting ready to close on 3 family in the Weequahic area in Newark NJ and was wondering if anyone have any of their properties listed on Airbnb as I was thinking of converting 1 of my units into short term rentals. would like to hear any hurdles or successes people have had with Airbnb in any parts of Newark. The area is close to Newark Airport which is a plus and has easy access to Times Square NYC with a short bus ride. I have noticed multiple properties on Airbnb but would like to hear the feedback from actual owners.

Thanks in advance.

Post: Best zip codes in Newark?

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252
Originally posted by @Thomas D.:

Young investor looking to get starting in Newark as well, awesome thread! @Kerryanne Henry what are the details on the meetup?

 Meet ups are every Monday from 7-9:30 at La Rogue Lounge on Broad st in Newark NJ.

Post: Best zip codes in Newark?

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

As @Lashawn McCauley stated Newark is a block by block city. I noticed it has been improving as they are developing many areas mainly downtown Newark. It is getting competitive and you will need a good investor agent to help you move forward and not be afraid to pull the trigger on a deal once you find it. I'm getting ready to close my second property in Weequahic area. I closed on my first once in December of 2017 using an owner occupied FHA loan. I'm currently living rent free with some extra cash for reserves. It has been an interesting experience and have learned some costly lessons which I won't forget. my suggestion is continue to meet with people in Newark to get a better understanding of the areas, find an investor friendly Agent who himself invests in Newark, drive by the area day and night to see which area suites you best. Continue to utilize BP to meet people who are investing in Newark and reach out to them, these are the friendliest people you will meet who wouldn't mind answering questions.

@Radaisy Ramirez

@Arthur Faison

@Arthur Faison@Ari Bildner

awesome news, congratulations. When i meet you a year ago in a BP meet up i knew you had the fire in your eyes and you was going to reach your goal. Keep it going.

Someone reached out to me regarding this program and i thought it was a scam. Do you have personal experience with the program? If so, Please let us know how it went and if they are any negatives to the program.

Post: Monmouth county General contractor

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

Hi,

My brother is currently under contract in Monmouth county and needs a general contractor to provide an estimate on all the work thats need to be completed as part of is loan approval. The property is located in Hazlet NJ. If you know of any or are GC yourself please respond below.

Thanks in advance.

Post: Irvington nj market

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

@omar ismael

Omar can help you as he found my 1st property in newark at the end of last year and we are currently looking for my second one. He is a realtor and an investor himself and knows the area well.

awesome, congrats on your success thus far. Continue to rock in real estate and keep sharing your story to inspire others.

Post: 1st Flip - CLOSED 2nd Property (Rental) - 2/13 CLOSING.. HELLO!

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 690
  • Votes 252

Congrats, i just closed on a 3 family myself in Newark a little over a month ago. Would love to connect with people in the area.