All Forum Posts by: Marta K.

Hi Alfredo. Welcome to BP community! I would recommend to visit NJ REIA meetups. I am pretty new to r.e investing as well and learned a great amount of info from these meetings. Good luck and let me know if I can help in anyway.

Thank you Mike and Ibrahim for quick tips! Agree I feel privileged to reach out to all smart investors   on BP for advice. The property I wanted to persuade is under contract already. Withn couple of days. Foud out from the broker today. I will continue with my search. Best of luck to you. Let me know if I can help you with anything.

Thank you for replying! Good luck with future deals. I like your tip about net cash flow 200$ per door in order to be considered a good deal. 

Great story thank you for sharing. It motivated me to look for deals harder and buy if the numbers work. Don't wait for a perfect scenario. Do you think that more units than better for a first deal? My goal is to purchase 4+ units as a first investment. 

Hello real estate community. I came across a good deal in Garfield NJ, built in 1910, the price is very promising, short sale, cash buyers only. Listing disclosed mold and water damage in the basement and soil contamination. Is it something worth pursuing for a newbie real estate investor in your opinion? The most concern I have is regarding soil contamination. I assume that soil needs to be replaced? Thank you for your time and sharing your knowledge.

Hi Chris,

Sorry but I wont be able to attend this meeting as I signed up couple weeks ago  for NJREIA meeting which is the same evening. I hope this meeting is successful and continues on. Looking forward to participate in the future meetings. Thank you for putting it together. 

Bayonne meetup group, would you consider meeting on a weekend? It may be tough to meet during the week, as it depends on a workload, traffic etc.

Hi Eric,

Thank you for adding valuable  info to the post. Do you mind posting info about meet-up in Union City? Would love to come to one of the of the meetings. 

Hi Eric,

Great info thank you. I see that 4+ families in Union City are rent control and residential real estate are usually not?  Can you recommend any good website to read more about rent control in UC? I wonder what are the rules/possibilities to increase rent in rent control commercial properties (4 + units)?

Have you heard about New Jersey Real Estate Investors Association meet up group? They have good events around the area where you can meet like minded investors, get motivated to stay on track with your r.e. goals. I go to the meetings if time allows as they are usually held on Thursday nights. Check it out and good luck with finding deals. 

https://www.meetup.com/New-Jersey-Real-Estate-Investors-Association/

Jason and Juan thanks for advice. I did check the crime report for that neighborhood and the report was pretty scary to me around 100 offenders within couple miles from the property. I did not have a good feeling about it but someone still try to convince me that Greenville has a great potential. I passed on the deal because I though it would be tough to find a good tenant. This was a brand new construction and fully vacant. 

Anyways still actively looking and BP is a great source of information so fare. Good luck with all your real estate goals.