All Forum Posts by: Matt Faircloth

Hey Anthony - welcome from another investor from NJ!  Its a great state for investing.  We do most of our work in Mercer county - mostly buy and holds.  Best of luck and let me know if I can support you!

Hi Divya,

It depends what returns you want.  You could probably pay less per unit and cash flow better, but still lease to a working family as you stated.  I would look at Rahway or areas around Metro Park.  Even New Brunswick but the rents arent as high there.  You could look at Hamilton NJ too and pay around $100,000 per unit with rents around $1350 per month.  There are some condos there if you are stuck on new construction.

We do most of our work at the very bottom of the North East Corridor line in Trenton.  There are some commuters here but very little commuter families.  If you are looking to invest around public transit to NYC there are more opportunities for small to mid sized multi family buildings in Trenton.  Local management would be needed to keep things running for you though.

I hope that helps!

Matt

Hi All,

We currently manage over 100 units and it we really need to transition to an "online rent collection" service.  

There are so many to choose from. 

Would love to hear anyone's experiences with these online companies and how you have been able to transition tenants over to this option.

Thanks!

Liz Faircloth

Hey Daniel,

Good to see a fellow NJ investor on Bigger Pockets.  You should check out SJREIA. They meet all over south Jersey including a subgroup in Trenton which I run.  You are more than welcome to come as my guest at this month's meeting.  We meet the Third Thursday of every month at my office building.  You can also attend the main meeting in Cherry Hill.  

Best of luck!  Hope to hear from you soon!

Matt

Hi All,

We are in the middle of a raise to create a small private equity fund to do some specific investment deals around the Trenton Train Station.  Investors are preferred to be Accredited but can also be Sophisticated (meaning they have knowledge of real estate and finance, and have financial stability to make investments of this size).

All funds need to be in by October 31st.  Let me know if you would like to speak further!

Thanks,

Matt Faircloth

www.DeRosaGroup.com

Hi Everyone,

I have teamed up with South Jersey Real Estate Investors Association to teach a 4 week live webinar series on How To Raise & Secure Private Money in 30 Days. This is a topic near and dear to me as I have completed over 10 million in private money transactions.

This four week webinar series will be action packed, covering:

1. Learning the difference between private money sources

2. Uncovering private money opportunities in unique places

3. Learning strategies to effectively present to potential money partners

4. Learning how to structure the deal to protect yourself and your private money partners

5. An overview of sample documents to use with private money partners

6. Unlimited Q & A during each webinar

7. A weekly action plan to help you grow your business

Click here for more details: http://tinyurl.com/n34njlt

Thanks for passing this along to anyone who might benefit from this course!

Matt

Hey Nick,

I run the Mercer Subgroup for SJREIA.  You should come out next time.  Third Thursday of the month.  I am very active in Trenton and have good luck there.  If you want to pick my brain about Trenton some more let me know.  We also invest in NE Philly.

Matt

Hi Nathan,

We already connected on this but I thought I would reiterate it here - Trenton is a good place to invest - the ratios are great and some changes are on the way to transform the city.

Matt 

Hey Hasan,

We own several apatment buildings and single family home in Ewing, so I may be able to help.  What did you want to know?

Matt

Hey All,

We have owned properties in Trenton for the past 10 years - I also own and occupy an office building here.  For those looking at it from the outside, it doesn't look promising.  To investors that have their boots on the ground in the city, it has been a gold mine.  

Yes there is some section 8 housing (which we don't shy away from) but there are plenty of other tenants available that are perfectly capable to pay the rent on their own and have decent jobs.  

I remain bullish in the city - there is a newly elected mayor that is looking to make some radical changes (the last mayor ended up going to jail and ruined any momentum the city had before he was elected).  There are several multi million dollar redevelopment projects (not affordable housing ones either) in the pipline that will change the city for the better also.

at anyone on this thread, shoot me a message on BP if you want more info on what we have learned on investing here.

Matt Faircloth