All Forum Posts by: Alex Sawford

Hello BP!

I have a property that I own with a sibling with no mortgage. My goal is to keep this property (as it is right next to a growing university), pay him half, and take out enough for a down payment on another rental property. This property is worth about $350k (3bed 1.5 bath) and could rent at about $2600-$2700 monthly based on comps. I plan to move to said new rental property and rent out this current college area property. I'm going back and forth between the different options and would really appreciate some other opinions (mortgage/heloc/etc...). My wife and I plan to house hack and get a few rentals over the next few years. I have a real estate license also which cuts costs on several aspects. Please let me know what you think! Thanks in advance

He'll Ben, I would suggest sticking with a list for a while. Although these returns seem smaller than average sometimes people need to see consistency. Repeated viewing of the the same color, letterhead, envelope ect. could make the prospect more comfortable with reaching out. Often it takes months of seeing the same advertisements for people to act.

Hello Ray, As stated above you will need to be a licensed real estate sales person in NJ to gain access to the MLS. The MLS data base is paid for by the dues realtors pay each year to their local realtors associations. GSMLS would meet the needs for the areas your are interested in. There are several different MLS options in NJ depending where you are looking to invest. In addition to the pricing, taxes and square footage ect. (things I'm sure your interested in) there is lot of other information that would be considered private - like if a home is vacant. Realtors go through finger printing and background checks to make sure the individuals that have access to this information are responsible with it. Hope that helps. Feel free to Message me if you have any other questions.

Hello BP! Newbie here trying to map out a business plan. On several podcast I have heard the reference of the BRRRR method. This seems like a great and logical method. What are some others? Can anyone chime in with some other methods and a brief description? Greatly appreciated!

Hello All,

I live in northern NJ. About a year ago I read Rich Dad and have been on a tear since. I've been reading every bit of real estate literature I can get my hands on. I read books, listen to audio books, podcasts, read articles, forums... You name it! I am that guy who can't stop talking about real estate with incredible passion. 

I am currently saving up for the first investment property (in addition to the house I live in now which I plan on eventually cash out refinancing and renting out as well). 

I would love to connect with anyone in the local area and look forward to growing my network on BP.  Thanks! 

-Alex