All Forum Posts by: Patrice Bocci

@David Trevino I absolutely do!

@Jared Wilbraham That was exactly my thought process. Thanks!

@Jacob Malakoff West Side of Newark, NJ

Hi there! My husband and I are new investors and are looking for an owner-occupied multifamily in New Jersey. This will be our first property. We've been viewing homes and putting in offers for a few months now. This past weekend we had an offer accepted on a property that we had some second thoughts about due to the neighborhood, and some issues with the house itself. Both times we visited the property, we did not feel very welcome or comfortable on the block, and a search on Trulia showed the area to be high in crime.

We were pretty conflicted when the offer came back accepted (contingent upon us using their preferred lender), and we ultimately decided to pass on the property. The more we thought about it, the more we struggled to really picture ourselves living there comfortably, especially when we considered that we're planning to start a family after we purchase this first house.

So, what are your thoughts on owner-occupying in this scenario? Would you have bought the house, or let it go? What factors would go into your decision?

@Christopher Phillips Thank you! I wanted to get an outside opinion, because I've been feeling this way for some time now. Part of me feel like of I replace my agent after 4 months, I would be seen as the bad guy but if I dont then I'm shooting myself in the foot because I really feel we can get alot more done if he was more flexible. I need to get over the hurt feelings and maintain that business mentality.

@Bob Green Thank you!

Hi there!

Just looking for some advise. My husband and I are in the process of searching for our first owner-occupied investment property.

We've been working with an agent for about 4 months now and the process has been a stressful one. This month we've started putting in offers on properties, once we have finally gotten a sense of what we're looking for in a property and understanding the numbers.

Lately, I have been having second thoughts about our agent. He's been very professional, nice, informative and responsive. However, the only time we've gone out to look at homes has been on Saturdays. Our agent, has been an agent for a year, works full time during the week and is only available during the evening and weekends. I want to maximize our search to days when I have off during the week (occasional Thursdays and Fridays), and both Saturdays and Sundays.

My husband is a bit worried to have the conversation since he really like the guy, but from coming from a sales background, I think that we need to increase the number of properties in order to increase our number of offers sooner rather than later to get a better chance of finding a property before it becomes more competitive during warmer months.

Am I pushing it and give this guys a chance or get a new agent that has the time to make it happen for us?

Thoughts!?!?!

Hello! I am a new investor looking to invest in New Jersey. What information or questions should I ask lenders when it comes to the time to put in an offer on a property? I'm working with a lender right now but I'm wondering if I should keep looking for a better rate. My plan is to use an FHA loan for this first property. Thoughts?

@Victor Avelino As for the first property, my goal is to stay close to my NYC family. And of course, NYC is too expensive to own, so we decided on NJ. Also, my husband works in Times Square, so we're looking in areas that are easy to commute to and from NYC. 

Thank you for confirming! This info has definitely given me a peace of mind.