All Forum Posts by: Allen C.

@Account Closed I'll definitely entertain Greenville. I grew up in JC, so I'm selective to certain areas of Greenville that I'll dip my toes in. Let me know if you come across any multi-family residential properties. 

Welcome to BP! I'm on the same path and also on the hunt on acquiring a multi-family to househack and replace regular income with passive income. At least you're not in a very saturated market like NJ, so finding a deal would be much easier. 

Check out BP Podcast 110 to alleviate your landlording concerns!

Best,

Allen

Thank you all for the warm welcome. Looking to meet all of you in person in the near future!

@Tim Booz - Thanks for the keyword tip. I got 'jersey city' and 'multifamily' on alert.

@Nelson M. - I attend a couple of REIA's and meetups. Message me which ones you attend, we've probably cross paths but never noticed.

@Michael Durand - Good to know you're on the same path! See you around.

@John Errico - I'm frequently in North Bergen, right next to Union City! I will certainly take you up on that soon.

@Ashley Lesieur- I'm not even touching downtown JC, way too hot! But thanks for offering to help, hope to meet you in person as well!

By the way if anyone is in need of an architect or contractor, I can recommend you one.

@Ashley Lesieur

Welcome @Jonathan Wentzel! I'm in the same boat as you and in the hunt for a multi-family as well. You should join a local REIA group in NJ, the knowledge gained from those is also very valuable. Good luck!

Hello BP!

I'm Allen from Jersey City, NJ, and I have done zero deals as of yet. I've been passively perusing posts and podcasts for the past few months. Although I've been to plenty of REIA meetings, I need to start interacting here on BP as well!

I'm on the hunt for multi-family residential (nothing over 5 units) properties in Jersey City. The primary goal is to househack the 1st deal to gain firsthand landlording and property management experience; then refi out and repeat.

I'd love to have positive cashflow from the get go. Given the current state of the this market makes it challenging (anyone else waiting for the market to turn?) I work in JC and can't tolerate time wasted in commuter traffic, so I'm doing my best to avoid investing elsewhere for now. Plus, I grew up here so that's a bit of a competitive advantage. I look forward to being  a part of this community and sharing your ups and downs in real estate investing!

-Allen