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All Forum Posts by: Richard Loniewski

Richard Loniewski has started 112 posts and replied 443 times.

Post: Seeking Wholesalers for Northern NJ

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 519
  • Votes 127

I working out a deal for a 4 family in Jersey City if interested, I'll have all the numbers together by the end of the week.

Post: Looking to connect and work with experienced General Contractor(s) in NJ area

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 519
  • Votes 127

Fox Construction out of Old Bridge are great, they did several properties in Bergen county for me, not cheap but they work fast and the quality is amazing.

Post: DSCR Loans for Purchase or Refi

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 519
  • Votes 127

Post: Best way to get probate list?

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 519
  • Votes 127

Many of those lists are sent to so many investors, go right to the courthouse in your county, you can get the most recent list there.

Post: Let Us Fund Your Next Investment!

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 519
  • Votes 127

Post: 23-year old Aspiring real estate investor looking for a bit of guidance

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 519
  • Votes 127

Everybody gets stuck in that learning phase, mostly out of fear (happened to me). Learn how to analyze deals well, put together a plan and a team (contractors, lenders, agents ect...). Start networking and putting out offers. 

Post: How do I get past the 6-12 month Seasoning Period

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 519
  • Votes 127

We have 3 month seasoning, there are a few companies that do both loans, so if you do the rehab with them then refi with them there is no seasoning.

Post: Rentals / Flips / New Construction / STR Loans

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 519
  • Votes 127

Post: Newbie - first rental Condo or SFH?

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 519
  • Votes 127

Both are good to start out with but the drawbacks to condo is the HOA fees and guidelines (make sure you understand the guidelines and restrictions before you proceed)

Post: Finding a good agent

Richard LoniewskiPosted
  • Real Estate Agent
  • New Jersey
  • Posts 519
  • Votes 127

I'm an agent as well, my suggestion is to find an agent who is investor friendly, BP is a good place to start. Don't bother with big agents that have multiple listings as they will be too busy for you. I prefer a younger agent who is hungry and willing to learn and be a part of your team. I always promise the agent who finds me a deal the opportunity to list it when reno is done.