Is it worth it?? (Hard Money)

[Jose Jusino]

Hi BP!

Quick question. What are your thoughts on Hard Money in NJ? I've seen areas where the taxes are about $12k a year. Thats almost a whole nother mortgage!

On top of fees, and points, and interest, how can Hard Money work in a state like NJ?

Just curious.

[Ronny Tiburcio]

hey @Jose Jusino if people are still investing in NJ, which they are it is still possible. It does make harder to find a deal when you have account for higher taxes and HM but as long as you work your numbers and it makes sense, it doesnt matter how much taxes and HM cost are. 

Besides the more people that think its too hard to invest in Jersey because of taxes and using HM, the more deals for those who do not let it stop them.