Newark, NJ · Member since 2017 · 26 posts · 13 votes
My dear fellow NJ RE investor on BP, this is Lee and I am fairly new to real estate investing. After being frustrated working with agents who didn't even know what ARV stands for, I decided to get the RE license to serve my own investing and help fellow investors. Currently, I am licensed in NJ and have access to NJMLS. I am happy to run some CMA for fellow investors (just PM me). Also would like to connect fellow investors in the north NJ area to exchange ideas and help each other to grow. Have a great Friday!
Hi Guangli Hu I would love to learn how to run cma, is that something that anyone can learn to do, or you must be licensed? I plan to get licensed in 2 months but am trying to absorb as much as possible now. The reason Im having a hard time figuring deals is because I can't accurately determine the ARV... so I feel a bit stuck.
Hi @Jennifer Escobar, since MLS has the most up to date sales data, and MLS access is restricted to licensed agents. It is a good idea have the license to determine the ARV.
Awesome, @Account Closed . Feel free to reach out if you have any deals in the area. I am interested in properties which are good for buy and hold. Let's work together!
Hi @Guangli H.! I just joined BP and beginning my journey in real estate investing. Happy to see fellow NJ people here! I'll be targeting Union County (I grew up in Union but lived all over the county) and will definitely keep you in mind for projects. Would it be ok to PM to connect and ask some questions?
I'm interested in meeting up as well. I'm in North Bergen currently helping a family member with a rehab. I would love to pick your brain on what you have in mind as far as buy and hold investments in NJ.
I'm going for my real estate license as well because I also can agree with you on the limited knowledge of some real estate agents. The MLS access is a great plus too!
This is awesome Lee, I'm currently new to Investing as well. Bigger Pockets has really showed me the ropes and given me the confidence to put in my first offer on a multi family Home path property recently. I'm patiently waiting to hear back if the offer was accepted or not. I would love to connect with more people in the Jersey area since this is where i see myself doing most of my investing. I've been searching mainly in the Essex and Orange County.
I would love to get the ball rolling with this property but will keep searching if this deal doesn't go through.
Hello Guangli Hu I am new to BP and looking to start my real estate investing journey. I am also interested in multi-family homes. Looking to buy & hold. Looking to connect and gain as much knowledge from you & fellow BP members !
Please update us on your home path deal. These are now few and far between in terms of deals. I ended up pulling out last year after my offer was accepted due to their ridiculous contract, an incompetent lawyer, and rampant horror stories.
All of the listing agents i dealt with seemed as if they were playing dirty. i came in well above asking price and they denied and asked everyone to bring in their best offer. I'm staying away from home path deals since this occurred to me multiple times. @David Fan
i'm trying to find a 3 family on through my agent but many of the reasonable ones are getting picked up by cash buyers, need to start finding deals other ways.