Northern NJ Newbie

[Michael Krassos]

Hi all, been listening to the podcasts since inception and reading books for months now. Just joined the BP website and find these resources AWESOME!

I am ready to take the plunge and invest in Single Family Homes and Buy & Hold. In my area taxes are high however and I'm losing confidence my strategy can be enabled locally - any advice from local investors is appreciated. I have some cash and figured I'd see if I can qualify for a conventional loan to cover the balance for first home, then look to alternate funding methods for next properties.

My main goal is to help fund retirement buying homes in areas that SHOULD appreciate, so I have no problem hanging on to properties for the long haul. It would be nice to have some cash flow also. A secondary goal would be to earn enough cash flow to quit my corporate job :-)

[Benjamin Ellis]

Hi Michael Krassos, welcome to BP. You are right about taxes....they are high throughout NJ. I'm down in South Jersey (Camden County)......you might find a little relief, especially if you get into a decent township with moderate taxes. Your only other options are places like Camden, Newark, Trenton, etc, or find a multi-family as Paul Timmins suggested. Lets connect, and we can talk. I might be able to share some info about the market down here.