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All Forum Posts by: Charles J Reid

Charles J Reid has started 1 posts and replied 4 times.

Starting Out

Post: FHA loans in New Jersey

Charles J ReidPosted
  • Realtor
  • Posts 5
  • Votes 0

@David M. Ideally I would like to be between Long Branch - point pleasant

0 Votes
Starting Out

Post: FHA loans in New Jersey

Charles J ReidPosted
  • Realtor
  • Posts 5
  • Votes 0

@David M. I’m 24 and I have no money 20% isn’t possible so fha is the best looking for a wedge deal so I can force equity and convert, just trying to see if people can be positive cash flow first year

0 Votes
Starting Out

Post: FHA loans in New Jersey

Charles J ReidPosted
  • Realtor
  • Posts 5
  • Votes 0

Looking to use fha loan for my first property investment, ideally a wedge duplex or up to four whatever numbers will make it work. It seems like MIP is going to eat all my cash flow. Is it possible to be in the green while living on sight in your first year? or will I have to come out of pocket for a little while and have to contribute towards the mortgage? Numbers definitely seem to work better when you can put down 20% lol. Thoughts?

0 Votes
New Jersey Real Estate Q&A Discussion Forum

Post: Pursuing NJ RE License, School Recommendations?

Charles J ReidPosted
  • Realtor
  • Posts 5
  • Votes 0

@Darcy Reynolds if your close to freehold Mulroy was great

0 Votes