All Forum Posts by: Sunny Burns

Yes we host the meetup together his name is @Marcin Ferenc

Awesome! I’m excited for this one, see you there!

Event Name: NNJ REI Meetup: Investing in 30 Long Distance Rentals to Retire at 37

Cost: $3 Suggested Donation to pay for Venue & Pizza

Date: 8/28/2019

Time: 7pm-9:30pm

Location: 78 DeMott Ave, Clifton, NJ 07011 (First Floor, Fellowship Hall of Clifton Family Church)

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Dustin Heiner at the age of 37, while homeschooling his 4 kids with his wife, did something incredible... he quit his job and "retired"!

He has 30 Single Family Rental Properties across the country, each with their own property management. He only spends an hour a month on the Rental Property Business.

Dustin will share his journey from when he first started investing in 2006, with a $16k house... and how just 10 years later he was able to quit his government job and never have to work again. 

Dustin will share his tips on buying long distance and what to look for in a property management company.

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Agenda:

• 7pm-7:30pm: Introductions by Attendees
• 7:30-8:00pm: Main Speaker
• 8:00-8:15pm: Q&A
• 8:15-9:30pm: Mingling

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To get a feel for NNJ REI Meetup, check out this video of Meetup #1:

Any questions email [email protected]

Neil we've been targeting low property tax town next to train stations in easy commuting distances to NYC. Garfield, East Rutherford, Wallington, etc. That being said we stay away form flood zones, and seem to have a knack for finding good deals not listed on the MLS.

When I was 21, I stumbled on the BiggerPockets Podcast and it changed my entire trajectory in life.

I consumed countless episodes and book recommendations and started to learn about this hitherto unknown world of Real Estate Investing.

In 2015, 4 years later, My Wife and I bought our first property, a 4-family home in Garfield, NJ.

When we closed, she was on maternity leave with our then 6-month old...

That quadplex gave us the financial freedom for her to quit her teaching job. We were able to live in one of the units for free, while the gross rents, dollar for dollar replaced her teaching salary.

2 years later, we leveraged the appreciation and hard work we put into our Garfield Quadplex to cash-out-refi and buy our 2nd property, a triplex also in the Northern New Jersey area near NYC.

Yesterday, we closed on our 3rd property, a 4-family in Lyndhurst, NJ.

That’s a total of 11 units, $1.75 M in Real Estate, and $150k in gross annual rents.

All acquired in less than 4-years' time on a single income in the NYC area. Not an impossible feat... but definitely not an easy one... it took an iron will and a shared focused dream of true and lasting freedom.

... but none of this could have been possible without the inception of an idea... a stumbling of critical knowledge found from a podcast all those years ago.

Just wanted to share my story, say thank-you to BiggerPockets, and hopefully inspire other families to stay strong and validate that you can do it too!

Wow thanks for liking this post, now 2 years later.

So an update, the tenants are still with us and even came with us to a marriage retreat weekend! and big news! They just had their first child together, now 4-months old!

 Hey those are my properties! My suggestion if you want cashflow in NNJ is to buy Lower-Property Tax towns (Garfield, East Rutherford, etc.) and buy Triplexes or Quads. 

@Lisa Rodriguez most of that info should be on https://www.famvestor.com/triplexcasestudy/ but if you really want it, send me a PM and I can send it to you.

@Jonathan Valdes I’ll be in the city tonight at @Darren Sager’s event. You available 6:30 tonight at Roosevelt Hotel?

Just saw a sneak-peak of the slides... its going to be an awesome presentation!

Seems great for those looking for tips to get started! See you tomorrow!

Also I got a question if this was only for passaic county? No, I am an investor from Bergen County, and we have people coming all the way from philadelphia, so if you have some time, come on out and learn from and network with your fellow investors!

I look forward to see you all tomorrow!