All Forum Posts by: Ankit Duggal

use a real estate option in lieu of reverse mortgage 

creates the added benefit of no monthly payments for the equity to cash recapture 

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- Laundromat business negotiable, post Real Estate Purchase.

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GREAT DEAL! Charming two family home with an in-law unit in the finished basement. Both full units feature 2 bedrooms and 1 bath one of which is fully renovated! There is another bedroom, bath, and kitchen in the basement (perfect for extended family). Laundry, a nice deck, and a beautiful yard add charm. This lovely home represents a solid investment or a wonderful residence with bonus cash flow! Give us a call and act now, this property is priced under market and will not last long! Call: 201-351-4226

@Steve Wilcox You are correct those rents are without utilities. I hate to have utilities included and if I can escape it I will but it depends on the voucher. 

Chris that is a great book to give you a good grasp on the NJ Tax lien investment process. That is how me and my partner started investing in NJ Tax Liens. If I can be of any help let me know. 

1. A guaranteed income stream relative to local income of tenants being very low to meet the rent to income multiplier without section 8

2. My firm keeps a proactive communication and approach with the tenants. We have property management inhouse so we a field rep go to each asset atleast twice a month to proactively fix any impending issues or repairs. 

3. Depends on which part of Newark but here is the general range:

1 Bd- $500 to $650

2 Bd- $800 to $1,000

3 Bd- $1,200 to $1,400 

Transitioning can be tricky process as they will be concerned as to the expense. So it will have to be a balance across reducing their rent and showing them the average historical utility cost before making the transfer of utility to them. 

Typically you will see a wide variation ranging from 5% to 10% of collected rent. We have an internal property management team to manage our portfolio of assets. We charge 6.5% of collected rent and it includes rent collection, tenant issue handling, and monthly site inspections. It does not include eviction, maintenance, repairs, grass cutting or snow removal. 

Jersey is a tax lien state for sure.

@Jerry K. create a great resource via his spreadsheet to utilize in determining tax lien and deed states. You can also use national tax lien association website resource section to look up the tax lien state map as that is visual as well.