All Forum Posts by: Account Closed

It all depends on the title company.

Carlos Rodrigues go to auctions

$2500 SFH 3 bedrooms 2 bath 1800 sf, they pay electric, gas and water. I only pay property tax and insurance in Queens NYC. I could get $3000 but my tenants have never pay late so I never will raise their rent till then.

Kendell Nunez if you want to learn the ropes I recommend you to partner up with another investor or invest on someone's project and you will learn hand on training very well. In our market NJ and the surrounding areas you won't get too many volunteers to help out a beginner unless they are getting a high return out of it. Other markets are different and easier but not this one.

Chris Breezy keep saving, keep building your credit score, keep studying, get an IRA or 401k account which down the line it can be use for real estate, make friends with like minded investors and choose the New Jersey market as your starting point market.

Staying away from the poor areas is not the simple solution. Whatever area you choose to have a rental properties just be more prepares with all the great advice you are given in this forum. Being a landlord in poor areas is more of a job than investing and some landlords manage it well because they live in those areas and understand it.

Mark Y. What county and city did this happen you?

Eddie L. I been focusing on the NJ market. I wish I could invest south were is all landlord friendly but I guess I'm stuck in the east coast tenant territories. Regardless NYC will always be the worst and I can't blame it because 9 million population city is build on a system where they can't be in the streets.

Eddie L. Well said and spot on, I say NYC is and will be the most tenant friendly city and nothing will be done for landlords. Thank god I finish investing in New York, there is no positive outcome for beginner and mid level investors.

Not all hard money robbers are created equal and they all operate differently in different market. In the NJ/NYC market, not so good and don't try to use then on buy and hold properties. I had a buddy who was trying to refinance and the hard money robbers were not easy in granting an extension after a year. The new terms, higher interest and more points, so in the end he gave up and lost the house. One of many horror stories in the NYC/NJ markets. Your better off getting other partners involve.