All Forum Posts by: Nicholas Lanni

I'm just entering the rental space, and I'm in NJ as well. I've asked other investors in the area about this, and it's always kind of dismissed as over exaggerated or atypical anecdote. It's good to hear the dark side of this, especially as it pertains to NJ landlords. I wish you the best of luck and I'm interested to follow along with this thread. If your attorney does well, then he will have an excellent referral source for investors in the garden state.

@Corky Bless I'd love to review numbers on both of the multiplex properties that you have next door to each other if you wouldn't mind sending to [email protected] at your convenience. Thank you.

Welcome, best of luck from the east coast!

David Weintraub I would also be interested in speaking with you between Hamilton and Philly at some point.

Jack Quigley Hey Jack! I'm new here myself and looking for similar things to you in real estate. I live in Hamilton and I'm often in Chesterfield. We should look to meet up and chat over coffee in the next week or two. Let me know your thoughts! Best of luck. Nick

Padric Lynch Lynch welcome from Hamilton NJ, and thank you for your service! Best of luck, I'm a newbie myself.

Good morning BP community!

I'm looking to get started on my REI journey, and have been extremely pleased with how responsive all of the members of this forum have been. I've set up several meetings and plan to attend some events in my area this week. I've also listended to all but maybe eight of the BP podcasts and have a conceptual understanding of different strategies and options; my background is in financial analysis and corporate valuation. Here's my situation:

I am currently working as a 1099 employee, but I haven't been here for the two year time frame that traditional lenders require. I don't technically qualify for FHA or conventional loans, so I'm hoping to explore potential other options for financing, perhaps portfolio lenders at smaller banks, perhaps a partner that would like to team up on a property?

I am looking for buy and hold type income properties, and have created a relatively simple analyzer to screen potential options. I have $10-15k and time on nights and weekends. Not afraid to get my hands dirty, if necessary, but I'm a little concerned that I will get in over my head when it comes to estimating more major renovations. 

Potential wholesalers/partners/portfolio lenders in central/southern NJ or eastern PA would likely be my next step, if there are any recommendations. Definitely open minded and welcome the advice on the "Best way to start out investing with $10k." 

Thanks for your insight.

A lot of great insight in this thread! Thanks all, and good luck.

Good morning, Zack. Congrats on feeling the success of your first property. I'm hoping to tell a similar story to yours in the next six months. Nick

@Erik Cabral Thanks for the welcome! Would love to sit down and chat about your story and following a similar path to getting started. Would you be up for coffee or drinks one weeknight or weekend? Feel free to PM me if that's more convenient.