All Forum Posts by: Cheryl Schuck

@Mollie Rigby I don't know how I missed your reply. Have you found someone yet or are you still looking for help?  Feel free to DM me with your criteria so that I know who to set you up with.

Hi Sonia, welcome to BP!!  This is a great place to learn and interact with others to ask questions and see where others excel.

My suggestion would be to look at some of the Bootcamps that BP offers. It gives insight on the various investing strategies which should help you narrow down how you want to get involved.

Good luck and feel free to reach out with any questions.

Hi Sino, NJ can be a bad state to consider if you are somone that watches the news! I have been selling investment properties to my clients in Northern NJ for over 22 years now. What you need to figure out is what strategy you want to implement.  Do you want to be a landlord, are you looking for a fix and flip, do you want to partner with someone else?  There are opportunities around if you can dial in on what it is that you want to tackle.

Prices have definitley increased, so positive cashflow may not be possible right away, yet with rents being off the charts, that will help narrow your out of pocket expenses.  

Decide what you want to do, then reach out to one of us to help you. I bought a house last year which was a steal!  You just need to know what you want to do!

House hacking is a great way to start off investing. You should not expect to have positive cashflow considering that you will be living in the property and will have to cover some portion of your rent. Where you will start to see your investment dollars at work is the appreciation on the value of the property.  Northern NJ has been appreciating 6%/year that past several years so if you go to refinance down the road, you will have more equity in the property so you can refinance less at a lower rate.

With regards to where you can do this, where you are willing or want to live, will help you determine areas of interest.

Welcome!!

@Jonathan Greene Can you tell me a little about your meet up group? I live nearby and I mayi like to join if possible as well. TIA :)

@Kyle Ebersole I am looking for something that I can have on my phone for when I am out picking up laborers or stopping at a store, that I can immediately add the expense into something to track.

@Kelly Williams prices have increased in Northern Jersey roughly 6% per year for the past several years. 2024 is expected to continue on the same path.

Are you buying to live in or for an investment? If investment, what are your plans? What your intentions are will add to the value of the property.

@Marlon Fong, thanks for the useful links!