All Forum Posts by: Ray Jimenez

Hello BiggerPocket Community,

Can anyone recommend me some good Banks that will allow me to refinance my property under a LLC. With the best terms as possible?

Is it a good idea to do a subject 2 with a property that under water but can cash flow pretty solid after all expenses?

Newark is really good town for rentals. Lows taxes and a lot of exciting things are happing downtown.

Hello Eugene, my recommendation on starting out with 15k and a job, is to buy a multi family with an FHA loan. And have some positive cash flow coming in from your property. Is a great way to start out investing.

Hello Carlos,

Welcome to the BiggerPocket Family, great place to network with likeminded people and great place find resource. I also am a Real Estate Investor in the Northern NJ area, let connect soon. 

Nicholas,

An attorney is going to charge you to draft an contract. If you want, Pm and I'll email you a wholesale contract that I've used in the past in NJ. 

@Matthew McAlarney, pm the address and Bed and Bath and I'll pull comps for you. 

Hello Rob,

Welcome to the BP family. A great place for resource and networking. I am also an investor in the NJ area.  Let connect real soon. 

Hello @Tzvi Balsam, 

Those number don't look bad at all. I agree with the individual on the mortgage rate for a commercial loan will be higher. But everything else look solid. I don't deal with commercial properties but I know an individual who is buys out in that area.  I don't mind pointing you in  his direction.  Pm the details. 

Hello @Adolph Bellamy, Newark to me is great place to start buying and holding. There a lot of exciting things happing Newark which is due for some appreciation and low taxes. Like the above gentleman mentioned, there are some rough areas in Newark that you may want to stay away from. But places like Ironbound, North Newark and Forest Hill are place that I find appealing.