All Forum Posts by: Anthony Henriquez

@Russell Brazil @Ozzy Sirimsi @Matthew Paul thanks for your feedback... this is why I hesitate

@Angelo Mart hey Angelo. I'd love to hear more about your experience in Paterson and the B'more investor too.

@Solomon Morris I know there is always more to the story than just the low prices. As with many depressed areas, there is always talk of the coming improvements and development to the area so buy now or you'll regret it later if you don't. I'm naturally skeptical but I will not deny that there are surely some knowledgable investors that are succeeding there. Seems like you just have to be willing to buy and hold and hope for the best. If there's any specific advice you'd like to share about the areas with the most potential, please do. Thanks for coming into the discussion!

Hi All,

I currently live in the NY/NJ metro area and I'm looking to invest in the Paterson area of NJ. I'm also being presented with an opportunity to invest in the Baltimore area with some trustworthy partners. I'd like to get some feedback on what is the better market for investing. I'm mostly looking to BRRRR but also considering flips as well. The Baltimore area is insanely cheap, which makes it very tempting. Homes can be had for 10k to 40k... The NJ area is obviously more money to get started but I feel that the long term growth potential is here in NJ. I'm also just getting started and that makes me feel like I should be more hands on with my investments.

@Michael Anderson yes it’s a duplex, both 2BR/1BA

@Antoinette Scognamiglio great info, thanks! Even if it’s not for this one, those numbers are very helpful. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Sorry all, I thought I posted these additional details. In any case, this is more of a learning exercise for me. Not a deal I’m truly considering. I’m trying to learn how to plug in realistic numbers to get a real analysis. I appreciate ALL of your feedback!!

Bathroom Information

• # of Baths (Full): 4

Room Information

• # of Rooms: 15
• Basement: Finished Basement, Full Basement

Interior Features

• 1st Floor: RENTED $1500

Laundry Information

• Basement

Heating & Cooling

• Baseboard Heat, Gas, Hot Water, Other (See Remarks), Other Fuel Source (See Remarks)

Parking / Garage, Exterior Features, Utilities, Taxes / Assessments

Parking Information

• Detached, Two Car Parking

Building Information

• Year Built: 1940's

Utility Information

• Utilities: Separate Electricity, Separate Gas, Separate Heat, Separate Water
• Sewer: Municipal

@Tim Herman ..this is why I’m here. Trying to get a grasp on what realistic numbers are for deal analysis. This is a great tool, but you have to know what numbers to plug into it. Thanks for the input!