All Forum Posts by: Mark Dresdner
Mark Dresdner has started 7 posts and replied 15 times.
Post: Relationship Between Multi-Family Size and Price per SF

- Rental Property Investor
- Teaneck, NJ
- Posts 15
- Votes 15
Thanks @Theo Hicks . I agree. Brokers will, I hope, share with me some off-market deals that have a bit more upside.
Post: Relationship Between Multi-Family Size and Price per SF

- Rental Property Investor
- Teaneck, NJ
- Posts 15
- Votes 15
Thank you @Theo Hicks and @Alina Trigub . Larger multi-family properties makes a lot of sense. Although, in Northern New Jersey I am finding it challenging to find the inventory for larger properties. I am going to need to work harder at networking to uncover the off-market deals.
Post: Relationship Between Multi-Family Size and Price per SF

- Rental Property Investor
- Teaneck, NJ
- Posts 15
- Votes 15
Hi BPers:
I am a New Jersey real estate investor. My experience is in the office space, but I am now looking at multi-family properties.
Should I expect the acquisition price per SF to decline as the building's size increases, e.g. 100 unit property vs a 10 unit property? This relationship holds in the office market.
I ask because I am trying to determine if it is better to build up to 10 properties of 10 units each (as an example) or focus on one 100 unit property. (There are also operational efficiencies with a larger property too, which is another consideration.)
Thanks!
Mark
Post: Let's talk real estate investing and wealth building strategies

- Rental Property Investor
- Teaneck, NJ
- Posts 15
- Votes 15
I can't attend the event on 10/25, but would love to attend the following one. Thanks for organizing.
Post: Seeking Multifamily Real Estate Broker for New Jersey

- Rental Property Investor
- Teaneck, NJ
- Posts 15
- Votes 15
Hi All:
I am looking for recommendations for a real estate broker who can help me find and evaluate large multifamily deals (e.g. 100+ units) in the areas in and around New Jersey. I live in Northern NJ.
Thank you in advance!
Cheers,
Mark
Post: Out-of-State Multifamily Investing | Good Idea or Disaster?

- Rental Property Investor
- Teaneck, NJ
- Posts 15
- Votes 15
@Joseph Gozlan and @Robbie Reutzel : Thank you for the advice. I agree that the property manager is a key to running a successful out-of-state multifamily. I have not used one before, so I am not sure how much faith to have in finding a property manager I can rely on.
Having a partner with skin in the game living near the property seems like a very pragmatic strategy.
Post: Out-of-State Multifamily Investing | Good Idea or Disaster?

- Rental Property Investor
- Teaneck, NJ
- Posts 15
- Votes 15
Fellow BiggerPocketers:
I like the idea of investing in a large multifamily (e.g. 100+ units). These don't exist in my state (New Jersey). So I would need to invest out of state.
My fears with being a plane flight away are:
- Finding the right market and property, given I don't know the area as well
- Trusting a property management company to look after the day-to-day operations. I could visit once a month.
Is investing in multifamily properties out of state a solid strategy or a recipe for failure?
And, if you like the idea, do you have advice on finding and managing the property?
I would love to hear your thoughts?
Thanks,
Mark
Post: More than one LLC or is one enough?!?!

- Rental Property Investor
- Teaneck, NJ
- Posts 15
- Votes 15
Hi @Rick M. :
One of the key benefits of an LLC is to provide protection of assets outside of the LLC, for example from being sued. With that in mind, a separate LLC for each location and business makes sense.
Cheers,
Mark
Post: Seeking Mutifamily Agent for Buying in Hudson & Bergen Counties

- Rental Property Investor
- Teaneck, NJ
- Posts 15
- Votes 15
@Yavuz Bayram Thank you for the response. With regard to your questions:
Property
I am at the beginning of my search, but I believe I am looking for:
- Multifamily investment
- 10 to 40 units
- Opportunity to improve cash flow through better management, cosmetic improvements
- Decent cap rate (still determining what that means number wise)
- Close to public transport
- In New Jersey
Agent
I am seeking an agent who can be a true advisor in terms of things like towns to focus on and finding the right properties.
Thanks!
Mark
Post: Seeking Agent | Buying Mutifamilies in Hudson & Bergen, NJ

- Rental Property Investor
- Teaneck, NJ
- Posts 15
- Votes 15
Hello BPers:
Are you able to recommend a real estate agent who is a superstar in the multifamily investing space in Hudson and Bergen Counties, New Jersey? Must have solid multifamily experience. Please only recommend agents you know and have worked with.
Thanks
Mark