All Forum Posts by: Marsha F.

Found this rental analysis calculator useful when I was starting out. It includes things to consider and definitions in the notes. https://investique.etsy.com

@Angelo Mart Is it true that the process to rent out to a Section 8 tenants is long and grueling? Because from what I hear (and partly researched) that's the case and that's been the main reason why I haven't researched further...but your comment is starting to make me rethink that...I am going to assume your property manager does the tenant vetting?

@Ricardo S. Hi Ricardo! Just curious. I am starting out and looking for a home to house hack in NJ. From my research so far, when you use one of the state grants it is my understanding that you cannot refinance or sell the home within the first 5-10 years. Is this different in Newark? 

@bruno

@Bruno Nunes Just to clarify, you would not invest in areas around Springfield? Why is that?

Lack of capital :(

@Darren Sager In your opinon, which municipalities would you recommend for a first time investor?

@Pearly Tan I personally don't believe that Airbnb will be a profitable business model in the future due to all the regulations...at least not in high populated areas like NYC and JC. If I am able to Airbnb my room while I am away on vacation than that's great but I ultimately will not rely on it for cash flow but definitely good to keep in mind. I completely forgot about Airbnb because of my views on it. 

@Darren Sager Thank you for the positivity. I do think there is promise in NJ but I can see how others may think its an unattainable market. Like I said...it is better than NY.

What worries me is the political atmosphere. The state seems so corrupt! And these rent control laws are going to kill profit! 

@Joseph Ghobrial How do you determine an inflation risk in those areas?

@Ioannis Babatsikos It's funny because I think we are in the same boat. I've kind of settled on house hacking in Newark/Jersey City. Being that it is my first time investing I don't want to do completely out of state because I want to learn the business hands on. Even NJ is still a bit expensive because of the high property taxes but I am going to go for it anyways. I don't believe the rental market here in Long Island is as strong as Jersey (that has been my reasoning as well as wanting to move closer to NYC). From what I am learning, everybody kind of makes their local market work so go for Long Island. :)