All Forum Posts by: Christine P.

@Melvin List Thank you!  I will PM you for more info.  I appreciate it!

@John Thedford Thank you for the contact!  I will contact Jeff later this week. 

Hello BP Community

This website is great as I've been learning a lot from the BP community!  I've been interested in the Tampa Florida market and plan on going down for a few days in August to learn more about the areas.  I would love to buy before the end of this year.  Does anyone have any real estate agents they can recommend? Someone who also works with a mortgage broker so I can get information on financing would be great!  This would not be a primary residence.  Although my income is good, I do not have a large down payment for an investment property.  I rent a primary residence in NJ and do not plan on leaving (so house hack would not be possible).  The Florida property would be a long term hold, renting now and possibly moving in a few years.  

Thank you.  I appreciate any help!

Amit

Thanks for sharing such a great story! It's such an inspiration for all newbies and veterans!!  I hope I'm as fortunate as you : )

Hi Amit

I'm new to BP an have read several of your posts.  I'd love to get your feedback on Jersey City (Journal Square) and Montclair (Bay Street area).  Which do you see as a better investment for long term rental stability?  

I appreciate your feedback!

Christine

@MikeZipf- I agree with you in that Forrest Hills is a beautiful community and it does not work for rentals.  Thank you for all your other insight.  I will keep all of this in mind : )

@RaphaelGomez-  Thank you for replying.   I've been looking in Newark for a few years and now ready to start with my first property.  I used to complete BPO's for the banks and have been all over Newark.   I'm also considering other areas and just need to do my due diligence before making a decision.  I'm still researching but plan on deciding by next month.   Any input you can offer on Newark is greatly appreciated- please keep in touch!

Christine

@AllanSzlafrok-  Thank you for responding so fast!  I appreciate your input and will check out north ward, north of Bloomfield.  I'm also considering Journal Square, JC.  

Thanks again!

Christine

Hello All,  

First, I wanted to give a quick intro- I'm new to BP and although I've been in the real estate field for 20 years, I'm a newbie at real estate investing.  For right now, my focus is on holding 2-3 unit multi-family properties.  

I'd like to purchase my first multi-family in Newark or Montclair by February.  I will live in one of the units for about a year, longer if need be.  Of course a positive cash flow would be great but a break even is also acceptable.  More important is long term rental stability.  

The question I have is:   Based on your experience, would you buy in the better parts of Newark (ex: Ironbound) or the "questionable" areas in Montclair (ex: Mission) ?

My must haves are:  walking distance to train, buses and shopping.  My price is $300,000 but since I'll be living in this property, I am willing to go higher.  

I appreciate your feedback and I look forward to being a part of the BP community!

Christine