All Forum Posts by: Charles Salumn

I was told by a realtor it would be around 3 percent. So around 1700 to take care of it.  Does that sound excessive?   What would they really be doing ? 

Hello all 

I am relocating from ny to Florida (beveard county)  I found a home that needs some work it is an as is by owner.   the home is 125k as is 

I want to protect myself as much as possible and due all my due diligence should I be using a buyers agent and what does that cost usually run  ?   I still want all my inspections to make sure I’m not buying a total lemon.  

Can someone please help me out. This deal will not be on the table long 

I am currently living in new York and cannot wait to make my exit. I’m leaning towards moving and investing in Florida.    It looks like I can get work in the Tampa area.

 I’m looking to buy a starter home that I can rent for now until i can transfer my job and I can reside there.   this property will also be my first buy and hold rental property.   

I’m looking for an area with average schools low crime rate and I would like to spend 150-200k and have it cash flow. My cousin recommended Spring Hill but i don’t know anything about Florida.    Any info would be great.   Thanks 

You aren’t kidding    My taxes in bear were like 2k  and my parents in Middletown are a little higher then that     You can’t find a shoebox in NY or in NJ with taxes less then 5-6k 

It’s almost impossible in NY  

  I was living in Delaware and working in Philly and Camden

 Camden is still really rough area    They are trying to build it up esp parts that are closer to the bridge into philly    I was working on on a building they are putting up now called the Camden tower it’s overlooking philly and the water  and a beautiful building but the area is still pretty bad    I’ve been all over the Bronx,Brooklyn , Uptown NY And I must say.  Wilmington Delaware and Camden NJ  ARE BY far the worst areas  I’ve been to  

With that said   I think the area is going to be like how Harlem is now in 10 years or so 

Good luck! 

Dan you are right   It’s out of control and the influx of people coming in from Brooklyn are just driving the cost higher, I have no desire to stay in the tristate longgggg term and. I have no problem investing out of state however I need somewhere to live for the time being so I was kind of wondering if I should attempt to house hack now in jersey (ultimately using that house as a rental when I’m done). rent in Si, or maybe another option I have not thought of     

Thanks for your help 

 Charlie 

How’s it going all 

  So this is the situation grew up in Ny my whole life.  Relocated to Delaware , didn’t work out sold my first property (broke even) now I’m back in NY (Staten Island ).   

 Pricing in the tristate (rents including) area at this time are out of control.  All things considered, areas of NJ seem to be better bang for buck . 

 my long term goals are to buy and hold properties however I don’t plan to be in the tristate for more then 5 years.

  I currently work in manhattan and need somewhere to hang my hat for the next several years .  AS WE ALL KNOW we never know when What the market is going to do but I keep thinking it might be wise to wait for a pullback before I jump into something 

 I’m debating on what I should do . Can anyone help? 

Sent.    Thanks a lot bud 

I’m trying to start my brrrr empire.  

However I’m looking to also get into a house to live in for the time being that is closer to work.   I have never owned an income property before however I have found a multi family home in a desired area that I’d like to love in for a while. 

Duplex 2 units over 2 units.    

Asking price -165k  needs new septic (quoted at 15-22k).   And updating 

Rents(currently )-  900 for one unit and 880 for the other.   Part of the land rents to a blueberry farmer for 135 a month.    Taxes are around 5k

My question is if I plan on staying in this property for several years and then keep it as a rental when I’m ready to move on do you think it’s worth it ?    Owner is the listing agent and will not move on price.   

I also want to make a wise decision as I need somewhere to live closer to work and I want to put myself in a good area (hard to find multifamilys ) in these areas