All Forum Posts by: Lior Solomon

Hi @Charles Chang

Welcome to BP

I'm living in Bergen County and have been actively looking for investments for the past 10 months.

So far I've found 2 :)

If you are planning to join the meeting tomorrow I would love to meet you in person: http://www.biggerpockets.com/forums/521/topics/126042-nyc-meetup-may-13-2014

Good luck,

Lior

Thanks @Darren Sager

If I'll try to buy houses out of the ordinance only it will reduce the number of prospects tremendously.

Look at the link I posted above, it mentions most of towns we were looking into as a potential locations.

Could it be that in some municipalities regulates this ordinance differently? Could it be that some neighborhoods in a certain town will be under the ordinance and some won't? i.e. Englewood regulates rent control only for substandards units: http://ecode360.com/13859725

Thanks again

Thanks @Erik Pedersen

Hello everyone

I would like to hear some experienced New Jersey investors in regards to the rent control ordinance.

Is this something you even consider before picking up location in NJ?

Is it really a hassle?

How strictly is it enforced?

Here is a list I found covering all the municipalities adopting the rent control ordinance in New Jersey: http://www.nj.gov/dca/divisions/codes/publications/pdf_lti/rnt_cntrl_srvy_2009.pdf

Thanks in advance,

Lior

@Kevin Hill I realize this, but unfortunately I can't commit for managing properties unless they are 30 min from my residence.

I'm running a startup company and doing the REI as a part time.

It seems I need to expand my networking with property manager in other counties in order to have more prospects.

Thanks @Kevin Hill

@Kurt Naletko welcome to BP!

I'm a newbie myself just started looking July last year. So far succeeded to put my hand only on a 2 unit multifamily in Bergen county.

Bergen county taxes are deal killers except the one I noticed: Englewood, Hackensack, Garfield.

I would love to hear other Bergen county investors thoughts about this.

Keep me posted how it goes for you, I would love to share thoughts.

Lior

I'll be there. See you soon

I will be there! @Darren Sager congrats on the new awesome profile photo!

@Account Closed thanks for all the insightful data.

I didn't pursue Troy, I sticked to my backyard after all.

PS

Can you mention the resources you used to get all this data?

I'm just curious to see if we are using the same one...

Thanks

Welcome @Tammy B.

I have a question to all the Essex county investors, how many of you are managing their properties using a property management?

@Tammy B. @Erik Pedersen are you planning to manage it yourself?

Thanks,

Lior