All Forum Posts by: Charles Salumn

I also have the option of moving in with my parents as well

How’s it going ladies and gentleman. I want to know what you guys would do in this situation. A year ago almost to the day I purchased my first home (primary residence ). It’s way too big for me and my gf , has a pool and I paid pretty much top dollar I’ve decided that financial freedom is my goal and I’m going to acquire rental properties in order to do it As soon as I bought the house within a month or two it appraised for 15k more then purchase price however if I sell now for 15k more (which I doubt I can get ). I will be taking a huge hit something around 25k total. That loss doesn’t sit to well with me , I can make the bills that’s not a problem but I know that if I had a two family or something smaller it would leave a lot more cash to invest in rentals. How would you guys play this situation ?

Thank you for the response. My parents are in Middletown right near back creek. They were the whole reason for me coming ver from New York. I was trying t find your contact info. It’s not showing me any info

I’ve been a member here for a long time , talked a big game but never took action. I have funds ready to go for my first rental property , im looking to build a nice portfolio. I’m new to the state, I live in bear and looking to invest in rentals close by If anyone has any words of wisdom or agent recommendations im all ears Thanks

I think that is the best option

Now that just confused me haha

To that first reply that was 100 percent correct. I was worried about renting because of the pool as well and in my area 80 percent are home owners. I also have the option of selling and moving in with my parents until I find something as well. I'm really not sure. What to do. It's just the better areas. Don't really have multi family homes.

how's it going guys I won't bore you with a long back story but  as long as I can remember I wanted to invest in real estate   

I'm currently renting in Staten Island NY but am relocating to Delaware. my parents moves there 2 years ago.  And I figured I should follow suit. I am waiting on a transfer for my job but I'm the meantime I found a house that my former gf and I loved.  So I wound up buying it   4br 3 bath on 1/4 acre lot with a pool.   I planned on starting a family  however plans have changed and iM thinking about selling the house and buying an income property.... 

I was playing around with the idea on getting a multi unit and living in one and renting the rest.  Delaware has some very sketchy areas so I am concerned with that as well as if I am living there I'd rather it be a nicer area.  

I bought the house in July  for 302,500 put down 20 percent with an interest rate at 4.5  the real estate agent I worked with for the house says I probably can get what I paid for it... but I don't know what direction to go in    

This may sound confusing but any help would be greatly appreciated.  Thank you 

I've been through a few times here and there.   Wasn't too good when I went years ago 

how's it going guys Im in the market to buy my first piece of property  

Originally I was looking at single family homes in Hazlet, Aberdeen, matawan , old bridge  however I was told that Perth amboy Is up and comming with Lots of development 

Does anyone have any experience in this area ? How bad is it.  I will be living there for a few years at least.  My day job is in Manhattan do I will have to commute there everyday   

   I don't want to put myself in the slums.  

Any help would be great