All Forum Posts by: Mike Main

@Frank Patalano

Location... I live in NJ. High prices, high taxes, low inventory, and even less multifamily units (in good communities).

So I have equity in my current home that I’d love to roll into an investment property. BUT do I wait to find a property I want to purchase? OR do my refinance, cash out and hold the money until I find one? 🤔

@Ali Boone this helps a lot thank you!

Hey everyone! I’m new to the BP app although I’ve been following podcasts for about a year. I own a few businesses here in NJ and have built up a pretty strong cash flow and am looking to increase my cash flow and take advantage of the real estate tax benefits by investing in rental properties.

Dilemma: I live in NJ with crazy high prices and property tax with little room for cash flow.

I am considering buying into growing areas with low property tax like Florida or the Carolinas but am pretty intimidated with it being my first project (outside my own home).

Would love hear thoughts and opinions! Also any NJ investors that have some secrets for investing in state, I would love to connect.

Hey everyone! I’m new to the BP app although I’ve been following podcasts for about a year. I own a few businesses here in NJ and have built up a pretty strong cash flow and am looking to increase my cash flow and take advantage of the real estate tax benefits by investing in rental properties.

The main dilemma: NJ is crazy expensive with little room for cash flow and crazy property tax!

I am considering properties in low tax states like Florida or Carolinas but this is a new endeavor for me. Thoughts???