All Forum Posts by: Christopher Imbarrato

@Noelle Bohlen

Hey Noelle,

Cutos too you and your husband. I have a few apartment buildings right outside the Bergen county area and with 300k I would suggest doing another brrrr type of method but with 8-10 units. This will give you a great equity return in 2 years after your property is stabilized. This is a small enough property thst is still very easily managed by yourself so don’t be afraid to go big.

If your looking to get started investing in this area then feel free to reach out so I can give you some word of advice when it comes to dealing w/ zoning/ planning board for larger units around this area.

This area is developing very well and you will not lose unless you really miss something lol.

So be cautious but got for it !

@Brad Reiner

Expensive monthly, low returns, very little equity in a property to refinance in a year too try and move onto another investment.

@Denis Brown

Develop 100 unit apartment with a partner or 2.

Can’t believe no one is suggestion developing real estate on a real estate forum… how else you think the big guys keep putting up 3 apartment buildings every year around the country. It’s ridiculous how much money you make off them. You build one 100 unit building and you can retire. Look for a good construction management group, engineer and architect in your area and find a partner with enough capital. $1M is not difficult to find a partner if you want to develop.

Another way to find a partner for developing is buying a piece of Land in cash, getting it approved for whatever you want to build and instead of selling it go to a partner with what you have and use your land as collateral for the investment.

So many things to do with $1M but very little right choices.

Hello,

I hope there’s some people out there in New Jersey that have the idea of building some mixed use properties! If your out there I’m interested to and would love to get my hands on some fresh new developments. Would love to connect with anyone else that has the same mindset so we can bounce some feedback off each other and make something happen.

Thank you for reading,

Chris

@Luis Canales I hear ya man it’s tough to juggle both work and your future. But the reality is if you want to be as successful as you dream you have to grind through it. If it’s something your truly not passionate about then that’s understandable. You can find yourself a startup business on the side that your passionate about other then real estate. But to be successful in real estate it takes the time and work you put into it. I’m 20 years old and I currently own 12 units and about to acquire 24 more. In addition of that I am using equity to help finance a 75 unit development that I’m getting approvals for now. It took me a 2 flips to get enough capital to start renting, rehabbing, and financing in bigger projects. It really is a lot of work getting into it and you’ll be most successful if its something you love doing. Real estate investing is soooo much easier said then done. You can read all the books you want but your truly not going to learn anything until you jump into your first deal.

Whatever you do don’t stop looking for another outlet to grow your money. Whether it’s Real estate, stocks, or a small business each one of those sectors will get you into the “1%” of life. It takes all the effort to get it started but you’ll be thanking yourself 10 years from now.

@Matthew Crivelli

Hey there! Thank you for the reply.

I have the capital to aquire an apartment over $2.5M w/ 30% down. I am currently torn between building something or buying a value-add apartment. I’m also considering just buying 2 smaller $1M buildings thst I can add some value too and also refinance both in a year. I have these options but having a tough time getting the right property. I have been looking mainly off market for land / 10-20 units where I can buy land cash or get a construction loan for a building and bring in value. I’ve realized that it is a good time to buy around here it’s just a matter of where and from who.

Hey there everyone!!

So I am a young investor/ with a couple flips under my belt and 2 rental properties. I’m looking now to get into larger units on my own w/o partners but I feel thst this is not the right time to acquire these kind of units right now. I am looking for only 10-20 units thst I will most likely hire a management company for but I feel like the 4th quarter is going to take a toll on both the Real Estate and Stock Market. As of right now both markets are starting to come down and I see it only going down more. I would hold this investment for a couple of years regardless but my fears are that I will not be able to find cooperative tenants and that rent prices will come down too much for me to support the mortgage and whatever expenses I pay.

If anyone knows anyone selling this many units feel free to let me know because I am definitely still looking to acquire more passive income. But I don’t want to go into something this big right now if it’s just going to collapse in my face.

Basically what I’m asking is. Should I wait until the 1st quarter comes around to purchase a new property or just say yolo and get what is available now. (Also I have been looking for a good property for about 3 months now, I will not settle for something I know has only little potential.)

@Ylli Bakalli I’m looking for 10-25 units in that area so let me know if you have any!

@Andres Bernal

Thank you for your advice!

Good afternoon everyone, 

   First of all thank you for stumbling onto this post and taken the time out to read it and help a fellow rei. 

          I have just recently closed on a sfh and spent about a months work of construction on it. I am now in the stage of marketing this rental to potential tenants for 12 months. The thing about this rental is that it will be a share home for college students in a very popular college are (New Haven CT). I have been trying to market this home all over the place for the past two weeks and I have not found too much success. I have used sources such as Facebook, craigslist, zillow, Instagram, and Uloop to advertise this rental to people who go to college in this area. Although these are all great ways to reach out to potential renters I feel that I am lacking a potential source that will really help me find my next few tenants. 

Therefore, I am here to ask you all if I am missing some sort of advertisement strategy and/ or if their is something I can do next time to prevent this from happening to my next rentals. I just feel that this rental is not getting the publicity it deserves from people that are looking to rent.