All Forum Posts by: Morgan Tondre

Morgan Tondre has started 16 posts and replied 193 times.

Francesco, since you’re renting now, the cleanest entry point is often to buy a property you can live in while renting part of it out, a house hack. In NJ, that could be a duplex, triplex, or fourplex where you occupy one unit and rent the rest. Living there lets you access lower owner-occupier loan rates and smaller down payments, while rental income offsets your mortgage and builds equity.

If you can find a property in a growing area with solid commuter demand, you’ll position yourself for both cash flow and appreciation. Once you’ve built some equity, you can refinance to fund your next purchase and scale from there.

Agreed with this! I'm with professional Owner-friendly Property Management in NJ and we have several Owner clients/partners who have bought an already Tenant Occupied small Multi-Unit with 1 unit in the building for the Owner to fill - while we Manage the property and Tenant(s) to keep the Owner hands off and stress-free! Basically, the Tenant believes the Owner is a fellow Tenant so will not bother them for things. It has been extremely successful for some clients and even built enough cash-flow to add more assets into their portfolio. Just like @Drago Stanimirovic mentioned!

0 Votes

New York City, New York

Quote from @Shawn Mcenteer:

Hi @Eli Berger $250k is an awesome start. I'll let you know my wife and I got to Fi with far less saved up investing in New Jersey. Similar to how the market looks today, when we bought our first multi in 2015 cash flow was scarce. Every property we purchased did NOT cash flow on day 1. What did happen was the forced appreciation which gave us larges sums or equity, raised rents and created desirable rentals attracting high income earning tenants. These properties that did not look so great on year 1 all of a sudden turned into cash cows year over year.

Long story short I really considered out of state and almost pulled the trigger a few times. Fortunately I stayed in NJ. Today our properties are all cash flow positive, running on auto pilot. We are 10 years in yet to miss a single payment of rent. $250 can go a long way. If you are open to house hacking $250k will stretch you very far.

Agreed @Shawn Mcenteer!

2 Votes

Indianapolis, Indiana

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0 Votes

Newark, New Jersey

@Karl Llewellyn, welcome the the awesome NJ market! Like everyone mentioned above - BRRRR can be very successful around here. I can also recommend @JooYung Choi as an Investor-friendly Local realtor to help find the right deal and he'll know how to run the right numbers for you!!!! Good luck!

0 Votes

Upstate New York, New York

For only $35/month - CMS Property Management offers EVERY Owner all of these benefits to protect their asset(s) at all costs!!!!

We understand a big part of Owning an Investment Property is the potential financial risk when things can go wrong... So let us save you the headache!!!

Call me at 201-252-7735 for more info or schedule a consultation directly at https://calendly.com/morgan-cmspm/ownerconsultation

0 Votes

Newark, New Jersey

For only $35/month - CMS Property Management offers EVERY Owner all of these benefits to protect their asset(s) at all costs!!!!

We understand a big part of Owning an Investment Property is the potential financial risk when things can go wrong... So let us save you the headache!!!

Call me at 201-252-7735 for more info or schedule a consultation directly at https://calendly.com/morgan-cmspm/ownerconsultation

0 Votes

Jersey City, New Jersey

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