Multifamily investment in New Jersey

[Joval Mathai]

Real Estate journey is worth an experience, is a learning journey. Its been tough for me but there is always a hope. Share your thoughts/journey.

[Shawn Mcenteer]

North Jersey requires a much different approach then what you hear the masses on Bigger Pockets doing. Qualities deals believe it or not are all around us. The more open minded you are to renovating the more deals will come along. The problem I see is most people go FHA which makes the process very tough because of the PMI and the lack of offers being accepted by a seller. Low money down conventional loans as low as 5% with no PMI will instantly make any deal a night and day difference. Second issue is having sufficient liquid cash or the means to renovate. If you have liquid cash you can apply it to renovations, if you are handy or have connections you can by pass this but most of the time work is required to make deals look great.