All Forum Posts by: Benjamin Ellis

Hi Timothy Finley, welcome! I am new around here too, and we are in the same situation. My current job is not in real estate, but I'm looking to transition! I'm in the Philly area as well. Lets connect!

Ben Kiekel welcome! I'm new around here, and I'm local too. I grew up in West Philly, abut now reside across the bridge in NJ. Let's connect, and see if we can work together!

-Ben

@Wayne brooks it doesnt have to be owner occupied. I was on the website last night and it allows investors.

Anyone on here have any experience using a 203k loan? I am looking to do my first deal, and if this is a viable option, I would use this as a rental property. I just don't hear of many people using this as an option!

Lafi S. hey, do you have any investors that buy in South Jersey? Camden, Burlington, or Gloucester County?

@Rebecca McClellan welcome. Im new to RE as well. Im in South Jersey, but also looking to invest in Delaware Valley area. Let's connect!

@gil It seems like taxes in NJ make renting nearly impossible in most townships unless it is a multi-family property.

Eric Nguyen, check this post out......

https://www.biggerpockets.com/forums/517/topics/90931-wholesale-opportunity---irvington-nj

Rafael Norat, Wayne Mack, and Gil Lieblich- I am in South Jersey, and I am new to RE too. Let's keep in touch!

@eric Nguyen I am in South Jersey. As I am learning about different markets in NJ, it seems that some townships are not smart places to buy in for buy and hold. However, I do know of a couple people that bought a multi family unit (triplex I think) to make rental income. You just have to keep digging for the deals. South jersey could make more sense for buy and hold in your price range though. Lets connect! Maybe I can help!