All Forum Posts by: Kitty Jedra

Thank you so much, Christopher Phillips and Ted Lanzaro!

Kitty

Hello,

I am a new investor and I could use some help analyzing this property located in North Plainfield, NJ. My plan is to purchase and hold.  I think it's a good deal if I can purchase it for $400,000, but the figures as of now are:

Fourplex

Sale Price $450,000

Taxes 12,561

Insurance 1,500

Water 1,680

Trash 1,800

Income 4,900

I appreciate any advise or feedback you could provide. Thank you!

Kitty Jedra

Hello BP Friends,

I am currently looking for Great real estate agents covering Central Jersey and Jersey City areas. They must be motivated, hard working, and knowledgeable about the areas mentioned. In addition, they must be knowledgeable about investment properties including foreclosure and short sales.

Any recommendations would be greatly appreciated!

Thank you so much!

@Robert Smith

Great information! Thank you!

Hello Everyone,

I am interested in investing in short sale and foreclosure properties, but I am not sure how to go about finding a realtor who is knowledgeable and excited about making a sale on these types of properties. They seem to shy away from them. Perhaps because these type of properties take a long time before they actually sell. Any suggestions...?

Thank you so much! @Wayne Brooks & @Marco G.

Hello Everyone!

I plan on selling my single family home and purchasing a two family home in order to help with expenses. I purchased my home for $340 and it is now worth about $400. Do I need to invest on a property that costs more than the amount I sell for, in order to avoid paying capital gains tax?

Thank you for any information you can provide me with.

Kitty Jedra

Hello Everyone,

I am in my mid fifties and thinking of how to best prepare for retirement. I have about $70,000 in a 401K and wondering if it would be wise take this money and invest it in a rental/cash flow property. I realize that Uncle Sam will be taking a good part of the 401K if I withdrew it before retirement. Your thoughts would be greatly appreciated!

Kitty

Hi! My name is Kitty Jedra, and I am a newbie at BP.

 I am part owner of an investment property on West Side Ave. Jersey City, NJ, and I am looking for good investment properties in that area, as well as the Journal Square and McGinley Square areas. In addition, I am looking for a good, reliable contractor in the area to work with on large and small renovations.

Hi @Ryan Goldfarb

The investment property is on West Side Ave. between Virginia and Boyd.

Thank you for your response.

Kitty