All Forum Posts by: Nelly R.

Thanks for the advice everyone! I think I listened to that podcast as well!! I know it takes time, I just feel like I’m consistently going down the wrong path. Then that fear of making the wrong decision sets in as well. You’re probably right....I probably need to change my search criteria to outside of my area and definitely work with an investor friendly realtor (if one at all). Thanks again....I’ll get there eventually!!! 

I've been listening to a gazillion podcasts, reading books, articles, running numbers, day in and out.....ANYTHING to educate myself on this process! Got my money/funding in place... I even worked with a realtor in my area and started looking at a few homes. Whyyyyyy is finding a buy and hold property in my area so hard?! I know my budget isn't the highest for my first place but, I feel like I'm doing all of the work (finding my own houses, crunching the numbers, asking to go out and look, following up on offers made, etc.) and by the time she gets back to me with the MLS listing, her availability, or whether or not the offer was submitted, the home could be far gone. Do realtors feel like it's a waste of time putting in the work for less expensive homes? Should I just go the "FSBO" or auction route, get an attorney/title company and eliminate the realtor process all together? Is this one of the reasons RE investors get their real estate license....to eliminate the need to wait for other realtors? Sorry for the rant and I know patience is key.....but I'm just getting frustrated with this process thus far!

Hi @Chris Martino! Thank you! That's what I've been hearing so I'll be taking that advice!! 

Hi everyone! I'm in the process of searching for my 1st investment property. After researching South Jersey and Philly I decided to shift my focus on the Trenton, NJ area because it looks as if I can get a good monthly return there (and I work in the area). I'd love to purchase a multi-family/duplex but a SFH would be ok as well. Not looking to spend a lot of money ($30-75k max, depending on the method of payment). as I took out a HELOC on my primary home to have access to extra cash (along with a little savings I have). My question is, what method of buying my investment property would you suggest? Should I pay cash for the home if it's cheap enough? Should I use some of the money I have as a down payment and take a mortgage out on the rest? Should I use a hard money lender instead of a bank? Ideally, if I found a home for about $30-40k I could purchase it with cash but wouldn't have too much left for any potential repairs (and of course there would be some). People tell me not to deplete all of my cash and to use "other people's money". I hope my questions make sense! Please let me know what you think. Also, any real estate agents with investment experience on here that specialize in this area? Thanks in advance!

@James Wesley Great advice....thank you!! I'll keep searching!

@Jason Ericksen Hi, no I haven't! I can definitely look into it though. Thanks!

Hi everyone! I'm just getting started with investing and had a few questions. I'm looking to purchase my first buy-and-hold property and I'm considering in Philadelphia. I live in South Jersey and I'm not very familiar with Philadelphia, but I'm interested in Philadelphia for the purpose of the lower property taxes. I'm sure I'll get the biggest bang for my buck, as opposed to New Jersey. I have about 50k to 60k max to invest total. Is it really possible to purchase a decent rental property for this amount? I'm open to doing some renovations or purchasing a property that's already done; however, it would need to be included in this budget. With this budget am I looking at "D" grade properties only? What areas I should be looking in? Any information you can provide would be helpful! Thanks in advance!

@Stacie Stac - thanks for the info!!! I heard credit unions are great too! I got pre approved through PNC, which I'm super excited about! @Account Closed thanks for your opinion......different topic, different post! :)

@Amy C. @John Palm Thank you both!!!

@Amy C. Thank you! Is she experienced with first time investors or first time home buyers? Congrats on your first purchase! What was your experience like? Is it a rental or a flip?