Just Signed UP!!

[Zachary Hancock]

Hello Everyone,

I'm Zachary and I'm new to RE investing as well as the Bigger Pockets Community. I live in the North Jersey area around Jersey City. I'm interested in RE investments around this area as well as NYC.

I first got interested into RE from a friend who is in RE investment and suggested that I use my Veteran eligibility and apply for a VA loan to buy a multiplex.

So that is my first ultimate RE investment goal. I want to by a multiplex that will pay itself off as well as produce cash flow. I know I need help and will be looking forward to networking with people who are familiar with this market.

I'm originally from North Carolina, but have been living in Jersey and commuting to NYC when I signed as a model. I also have a private personal training business. 

Well thats enough about me! I'm looking forward to the opportunities the Bigger Pockets Communities have to offer.

Best,

Zachary

[Sunny Suh]

@Zachary Hancock it's a good event but you have to be active and engage others! they won't immediately just roll out the red carpet for entering.

@Darren Sager runs the show, and he's a great host. 

Reason I say cash flow is difficult is because you won't find much cash flow properties straight off the MLS like some other regions in the U.S. '

General consensus is cash flow is typically in poor (non A grade) neighborhoods or you have to find a short sale/foreclosure home that needs some renovations. Not that they can't be found, just not as common. 

Assuming you are like me and want to live in a decent neighborhood, it won't be easy to find, some sacrifices will be made, but I still see light at the end of the tunnel as you may too! The taxes in our state are quite high so that doesn't help either and a big reason people look out of state or near newark. People typically do flips with nice properties. Even if you do find a cash flow property, you may pay in the form of quality of the tenants/neighborhood. It's definitely a give and take, poke around, don't take my word for it and see for yourself! 

I'll be starting my own post on my hunt.