All Forum Posts by: Luis Valdez

I don’t have any issues here. It is a tenant friendly state if you are doing rentals, but if you properly screen them up front you should not have too many issues in that department. I have always used 25/40 debt to income ratios. Taxes are high but rents are also high as well. There are tons of opportunities all over the state. I started investing by focusing on the markets close to my house. We have done well here.

If you don't own anything consider starting by buying a fixer upper duplex. It will give you money to offset your mortgage payment. You will also have the opportunity to increase the value by renovating the units and raising rents. FHA you can qualify for up to a four family.

Good luck.

What is the 25/40 ratio, and where in jersey if I may ask are you buying ?