All Forum Posts by: Chris Martino

Hi @Richard Phillip Lewis,

Here are two local meetups down the Jersey Shore which usually have a pretty good turnout of investors. 

https://www.meetup.com/Central-Jersey-Monmouth-County-Real-Estate-Investors/events/bzlmfpyzfblc/

https://www.meetup.com/Jersey-Shore-Flippers-and-Funders-Meetup/events/xgmtbmyzgbgb/

Hi @Neerav Patel, I am not too familiar with the Montgomery County Brokers but I would suggest calling a bunch of them and explain what you are looking to do. Some will be more in tune with the investing side than others will be. You will want to place yourself in one of those as they will have more insight to the overall market for investors. 

Hi @Neerav Patel, I used the CE shop for my PA license. Material was good, covered everything on the exam and was pretty user friendly. Look at the site frequently as they do have a lot of sales. 

Hi @Luis Aste, there are a lot of ways to find wholesalers in that area. Go to as many local meetups as you can, check on craigslist for people posting deals, check on the BP marketplace for members who post deals, call different brokerages and ask who the realtor is that deals mostly with investors, and in general just tell everyone you know what you are trying to do. You would be surprised at how many people know people in real estate. 

Hi @Chitra Mary,

Before you do anything you need to make sure the house is not historic and you can knock it down. You will need to submit a historic application along with color photos of the property and the 1938 tax card. The tax card can be obtained at the tax assessor's office on Grove St. You can also call the Jersey City Planning office and they can walk you through the process and any docs you will need.

Hi @Tom Murtagh, you can also check to see if the property has 2 active residential rental licenses on the site below which gives a lot of insight into the properties. 

https://atlas.phila.gov/

Hello @Danilo A.,

These two meetups usually have pretty good attendance in that area. 

https://www.meetup.com/NJREIGroup/events/

https://www.meetup.com/Hudson-County-Flippers-and-...

Hi @Christopher Leo, welcome to BP! The best place to meet meet local investors and possible mentors would be the local REI meet up groups. You can go onto BP, Meetup.com, and eventbrite to find local meet ups. There are all types of investors that attend these and it is a great place to network. Most if not all of the ones you will find on there have people of all experience levels attending.

Hi @Cameron Baher, 

Sorry I am not familiar with that area. 

Hi @Cameron Baher, there are still areas in Jersey City where you can get a multi family with your budget. You may have to start exploring different areas away from the popular Jersey city heights and Journal square areas. The Bergen Lafayette area has seen a lot of new projects recently but still has some opportunity. 

A few issues with condos is that association fees can increase year over year hurting your cash flow, assessments for building issues are generally passed along to the owners if the condo association does not have a large amount in reserves, and there may be some restrictions on the amount of owners to renters in certain buildings limiting you ability to rent. If you can find a cash flowing apartment it's not a terrible idea but just some concerns to take into account.