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All Forum Posts by: Ben Trageser

Ben Trageser has started 10 posts and replied 208 times.

Post: Ready to start (:

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 211
  • Votes 96

Welcome to Bigger Pockets!

Post: New member looking to connect

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 211
  • Votes 96

Hi Meena! Welcome to Bigger Pockets. This is a great community to learn and has lots of resources. I work extensively with foreign nationals so happy to connect if you have any questions!

Post: Getting a mortgage as a non-resident US citizen

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 211
  • Votes 96

I work a lot with investors outside of the US from a tax perspective but from a mortgage perspective, as mentioned above hard money or DSCR is probably your best bet.

Post: Elevate- North Jersey RE Investor Meet Up

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 211
  • Votes 96

Wish I could make it! Hope it is a great event.

Post: Residential lot, two homes on it, looking to tear down and rebuild front house

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 211
  • Votes 96

I would start by talking to a lender who deals with construction loans. A lot of loans require that you already own the land outright before they will provide funding but there are tons of different options.

Once you have the funding piece figured out, I would discuss with a builder and try to price it out. They will most likely be able to give you a rough cost per square foot. Then work with an architect for design.

Post: Quickbooks .. or NOT for STR

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 211
  • Votes 96

Some of our clients do - some don't. It really is dependent on personal opinions.

I have seen a lot of our clients use Stessa. You may want to give it a look.

Post: STR start up for owner occupied property in

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 211
  • Votes 96

I would recommend calling the zoning department of the town and asking. I have had luck that way.

Post: Looking for a Real Estate financial advisor that personally invests in RE

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 211
  • Votes 96

Open to have a conversation. Not exactly sure what is meant by commission on the wins.

Post: New member doing research

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 211
  • Votes 96

Pleasure to meet you Matt! Coming here is a good start to help understand what your appetite is for real estate. I work extensively with expats and they have had a lot of success investing in the US. I would recommend narrowing down where you want to invest to a few areas. From there, network and do your research about the area, have all of your "ducks in a row" to then action on a property if you see it come on the market and the numbers make sense.

Post: New Rental advice

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 211
  • Votes 96

If the rent in the area goes for $1500 to $1600 then may make sense to drop it. It all depends if you are okay sitting on it for a little while.