All Forum Posts by: Angelo Mart
Angelo Mart has started 12 posts and replied 368 times.
Post: Snake oils, gurus, “investment advisers”, experts. BP can do more
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Unfortunately people will flip 1 house and be a self proclaimed guru...Its unbelievable
Post: Tenants over occupancy
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Send them a notice, hopefully that will help them bounce come December
Post: Are there really this many bad deals?
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
NEW JERSEY has the highest property taxes in the nation which is the 1st problem you have
Post: The truth about the recession...
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Absolutely true. If the Cash Flow Numbers make sense in todays market they will make sense in any market. People sit on the fence so long opportunity passes them by
Post: Would you upgrade this rental property kitchen? (With Pictures)
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Door knobs / handles for sure. Maybe a shiny backsplash but everything else looks good
Post: Landlord connecting with housing authority to get new tenants
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
If you were to walk into my local housing authority and announce out loud that you are a landlord, you will be flooded with applications before you even walk out the door
Post: Buying from myself with a credit card
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Creative but I would rather just use hard money
Post: NJ investors; what neighborhoods are you looking into?
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Don't go into Newark. Lead crisis, heroin hotbed and most likely to crash according to Housing Wire
Post: Investing in Newark
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Hawthorne Ave hope you can stomach what really goes on there
Post: Newark Horror Stories
- Professional
- Parsippany, NJ
- Posts 384
- Votes 261
Originally posted by @David Wrenn:
@Mark F. are there nice areas of Newark....depends on how you define nice lol. I’m working on my second large mixed use project here. This one is in the DTFD and it’s really starting to change my opinion of Newark. There is a great passion within much of the political community, headquartered businesses like Prudential/Audible etc for change and it’s happening rapidly.
I just met with one of the developers of the old baseball stadium and they demo’d an entire semi pro stadium in a week wanting to get in ground in a hurry.
I would check out the Iron Bound, Halsey street, etc in DT. Forrest Hill is also “nice” for Newark standards.
Forest Heroin oh I mean Forest Hills haha...Iron Bound = over priced with no cash flow. Neighborhood has the crime spill over from Terrill Homes project, Pennington Court but is still great neighborhood. My boy got in at the right time Down Neck "ironbound" in 2013. His Same multi family now is double in price and would be Negative Cash Flow