All Forum Posts by: Raj G.

Hi, I need to open a solo 401(k),  buy my concern is I want to invest in real estate, then do I need to go for Solo 401(k) with check control or I can do this without check control also.

also which brokerage help me for this purpose.

Hi @Kendra Gaines when you buy property, specially that needs lots of work , Does buyer/investor generally takes loans?

I think it's overcharged, how much complex it can be?

yes, I am looking for rental properties  for long term.

I am also thinking like now-a-days properties are all time high, interest rates also not that much low...Should I go ahead or just do private lending for couple of years..until market come down.

to be honest it seems very rare scenario, not general.

Hi, I was looking for cash flow in North-East New Jersey in rental properties, but at the max I reach at 0 cash flow.

For example in Bayonne typical two family home(3 bed 2 bath each family) cost around $500K, taxes around 16K, rent around $1700/family. so after mortgage(20% down) , so total income is around $3400 also same is mortgage premium.

other option is  private lending where you can earn around 10% per year minimum.

also considering the point that home prices are all time high right now.

Can somebody share their example of cash flow in area like Jersey city, Bayonne, Newark,union etc.

I will be living there at least 5 years, benefit will go to me , not tenants. even after 5-7 year I can move to another home, but will keep this property as rental.

Hi, roof of my house is very old, I was planing to replace it

but someone advised me that it's better to have solar roof, so I am confused should I go for simple roof or Solar roof,just wondering if somebody can advise in detail about pros and cons for both of them..Thanks

home is in Bayonne, NJ

Hi @Mitch Messer, Thanks for your reply, Just wondering if you could please advise also like in today's market where house prices are all time high/top, is it worth to buy and rent or wait and watch...Thanks

Hi @Mitch Messer very useful information..Thanks