All Forum Posts by: Stephen Chatto
Stephen Chatto has started 70 posts and replied 417 times.
Post: Looking for a multiunit or SFH in New Jersey
- Rental Property Investor
- Yardley, PA
- Posts 436
- Votes 198
Originally posted by @Sagar Naik:
Hello BP!
I'm a newlywed that just made the move out to the marlboro / freehold New Jersey area and looking to gain some advice and potential business partners on a multiunit or SFH in the area. I know there are a. Inch of grants and perks for first time home buyers in NJ I was wondering if anyone had any info regarding these and are there any other potential investors in the area to bounce ideas off of? Any local real estate agents that have listings near the area is always a plus too! Look forward to hearing from you all!
Definately get out to some local meetups. Everyone will have an opinion on what you should do, but by talking to the locals that will help you formulate your own decision. If you need help finding locals meetups PM me and I will let you know the ones I enjoy.
Steve
Post: New Member from New Jersey
- Rental Property Investor
- Yardley, PA
- Posts 436
- Votes 198
Originally posted by @Ella Blue:
@Stephen Chatto - Hello Steve,
Thanks for the recommendation - will definitely reachout to Ron.
BTW - it's a bit surprising that someone living in PA is investing in NJ. Most people that I spoke with are doing the opposite. ;)
I know right. NJ has a lot of opportunity and I occasionally flip a deal in PA. But building my portfolio in NJ for numerous reasons. I like Ron also because he is licensed in Both States. :)
Post: 52 Elizabeth Ave, Hamilton (Trenton) NJ-Must Sell!
- Rental Property Investor
- Yardley, PA
- Posts 436
- Votes 198
@Kay Davis - I am a local cash buyer. If you think that would take a reasonable price for the house I would be willing to make an offer.
Post: 52 Elizabeth Ave, Hamilton (Trenton) NJ-Must Sell!
- Rental Property Investor
- Yardley, PA
- Posts 436
- Votes 198
@Grant Miller - I don't know if this is an easy rehab :) Looks like a big project to me. Price seems way too high.
Post: Investing in a state with really high property taxes
- Rental Property Investor
- Yardley, PA
- Posts 436
- Votes 198
You do need to watch the taxes. The can fluctuate greatly among similar properties in NJ. At least from what I have noticed. We have successfully lowered the taxes on a few properties. It's worth an appeal once and a while.
Someone mentioned Evictions... Mercer County NJ is extremely fair. I have been through the process a few time.
If you are truly looking for cash flow consider Trenton. The numbers are really nice IMHO.
Post: Finding a better way...
- Rental Property Investor
- Yardley, PA
- Posts 436
- Votes 198
@Donald Joshua - Nice to meet you here on bigger pockets. If you would like to come down and see what we do in Trenton NJ you are more then welcome to come down to our office for a tour and see our business.
Post: New Member from New Jersey
- Rental Property Investor
- Yardley, PA
- Posts 436
- Votes 198
I would Highly Recommend you talk to Ron Isgate. His Website is http://www.isgatelaw.com/ I used him to set up my LLC as well as on a few deals that required an attorney.
I live in Lower bucks but invest primarily in Trenton NJ and Mercer County.
Hopefully our paths will cross at an upcoming meetup.
Post: Better cap rates
- Rental Property Investor
- Yardley, PA
- Posts 436
- Votes 198
Originally posted by @Account Closed:
San Diego has pretty low cap rates in 4-5% range.
Where can I find higher rates around 7-10?
Mercer county NJ is a great place to invest. Turnkey rentals with management are a great choice for.people in markets with no.cash flow. If you interested in long distance cash flow give me a call and I would be more than happy to answer any questions you may have about our market here.
Post: New Member from NJ - First Timers
- Rental Property Investor
- Yardley, PA
- Posts 436
- Votes 198
Originally posted by @Steven Velasquez:
@Stephen Chatto - Copying your contact information if you don't mind.
Steve in Middlesex County
The local National Reia has a sub group meeting in middlesex. you should check it out!
Post: New Member from NJ - First Timers
- Rental Property Investor
- Yardley, PA
- Posts 436
- Votes 198
Originally posted by @John Stuart:
Hello everyone, my name is John. I live with my wife in our own home and we both have full time jobs that take up a 12 hours of our day. Ideally, I would like to get into real estate investing (buying/renting multifamily, flipping). We have little experience other than purchasing our own home and helping someone else. We do not have a lot of money saved up but may be able to put up to $20k towards an investment to get off the ground. We are leaning towards a rental property for many reasons, but would like to learn where some of you successful people started and if you were in similar shoes as ours.
Nice meeting you, thank you in advance.
I do a lot of buy and holds in mercer county. Feel free to reach out to me with any questions you may have!