All Forum Posts by: Anthony Liguori

Just looking to see what’s everyone’s thoughts about investing in newark nj long term in the ghetto (C-D class ) .. the market is crazy hot right now in this area. Houses are going really high. I wonder if I should sell my property and make 300k profit or keep it long term with the $2500 cash flow every month on a 3% interest rate .. tenants are ok however they always paying late and it’s hard to get any late fee. All section 8 tenants but each tenant pays a different portion , some higher then others. Been looking for another property but everything that’s decent is over 500k so I been leaning with just keeping cause I got nothing else to buy . Any thoughts ?

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Newark, New Jersey

Quote from @Galen Ikonomov:

Anthony, you did not provide information regarding your investment property. Is it a SFR/CONDO/TH? Is it a MF? What is your Cashflow? What is the ROE?

If it is SFR/CONDO/TH, I would sell and buy MF. With that equity you can afford $1,000,000+.

I owe 280k I have 3 % interest rate. And I’m cash flowing $2100 a month on. 3 unit house. My realtor told me someone offered over 600k for the house , which would net me about 300k

i was thinking maybe I can scale up and buy more with that 300. I was thinking of a HELOC also but idk how much the house will appraise for

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Quote from @Scott E.:

If you sell you should try to use a 1031 to defer the tax burden, otherwise you will be a lot closer to having 200k to "play with"

1031 will only work if you're selling and replacing with a like-kind property though (another rental).

A lot of ways to scale up but this is a tough market to do that. Why do you want to sell? Is this asset not performing?

I owe 280k I have 3 % interest rate. And I’m cash flowing $2100 a month on. 3 unit house. My realtor told me someone offered over 600k for the house , which would net me about 300k

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Quote from @Michael Allen:

Any interest in the Detroit market? If so, feel free to reach out to us!

I’m out of state (NJ) what can I do out there ??

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I can possibly make 300k by selling my investment property. What would you do to maximize and turn that 300 into more ?? I’m open to all ideas

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Quote from @Dahlia Khalaf:

Quote from @Micah B.:

@Dahlia Khalaf

I’d be interested to know why you chose Tulsa? Been thinking about that market myself.

Micah I messaged you!

I’m interested in your market. Possible fix and flip

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Quote from @Steven Foster Wilson:

Quote from @Nadine O.:

Hi BP Family! Where would you recommend living in USA to start house hacking and building a rental property business? The intent is to relocate from a high cost of living area like the Bay Area in California (although we love it here) to another, lower cost of living city where we can start by purchasing a multi-family to house hack (we are newbies, but have read a lot) and eventually build a portfolio of rental properties to retire off of. Would love to hear your thoughts - thank you!

I have been able to help a lot of California investors buy properties here in Columbus, Cincinnati, and Cleveland. Because of all the corporations and companies being here like Amazon, The Limited, Intel, and more. The market has been exploding. The price to rent ratio makes for great investments. Not to mention our appreciation has been 8% higher then the US national average, because of the high demand for affordable housing.

My first BRRRRR was $300k, put $50k into it, refinanced, and got $90k back. I just refinanced again and got another $50k and it still cash flows $1800/month. Second BRRRRR cost $160k, put $55k into it, refinanced, and got me just under $200k back and cash flows $2000/month. Currently working on my 5rd BRRRR in the city!

I been wanting to do that. I’m from NJ and it’s very pricey over here. How do you find the BRRRR deals. I would like to get into OOS investing.

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I think just long term I can make more money but maybe I can invest now into something and cash flow better. Idk

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Newark, New Jersey

And obviously every year the rent will go up and the current rent is a little under market however I would have to evict so I can get new tenants for going market rate rent.

0 Votes

Newark, New Jersey

A cash out refi will increase my mortage payment by 1000 more for 100k at 5% I was told. My rate is 3 currently

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Newark, New Jersey

All Forum Posts by: Anthony Liguori

Anthony Liguori has started 20 posts and replied 111 times.

Post: Thoughts of long term investing in Newark, NJ (D-F class)

Post: Investor with 300k to play with. What do you do?

Post: Investor with 300k to play with. What do you do?

Post: Investor with 300k to play with. What do you do?

Post: Investor with 300k to play with. What do you do?

Post: Where would you move to start building your real estate empire?

Post: Where would you move to start building your real estate empire?

Post: Do I sell and make 285k or hold long term??

Post: Do I sell and make 285k or hold long term??

Post: Do I sell and make 285k or hold long term??