All Forum Posts by: Christina M Viola

Eric Fernando send me a text or email and I can def get you in on a list for NJ wholesale properties through a reputable source.

Hi all, I've noticed a ton of private money lenders for real estate investing and some for debt consolidation with asset leverage. I unfortunately do not have assets to leverage but I've paid off a ton of debt over the passed 6 months in preparation for this real estate investing journey. I currently only have a $3k cc and a $50k student loan from my Masters degree that is broken down into two $20k loans at 6.875% and four loans under $1500 at 2.14%. Consolidating through Student Aid gov will only let me add the 2.14% loans to one of the $20k loans and lower it to 6.5% but that isn't going to make a huge difference and it makes no sense. By the time I've paid it off I'll have paid up to $110k and it is really getting to me that I feel it hasn't even paid down from $50k over the last 5 years of $300 monthly payments. I've recently changed careers (01/2017) and am self employed as a RE Agent so I don't have a steady income to pay it down! I've tried online lending companies like credible but they all give me interest rates above 10%. I am wondering if anyone has any advice or suggestions for paying off the $50k sooner rather than later to avoid paying double the loan...any insight is appreciated! - Christina

Yes I can

I have the same goals in San Diego as well so thank you for posting ! Do you have a dedicated team for the flip? Contractors, Attorney Title etc.?

Eric, lets connect 609-331-4019

Where in San Diego? I am looking to relocate from NJ and I want to get to know the area.

Originally posted by @Justin R.:

Originally posted by @Andrew Johnson:

@Justin R. I have to admit, I have a really hard time building models for where I invest.  I typically do multi-unit but the economics of my 4-unit vs. my 27-unit are completely different.  Insurance doesn't scale linearly, lawn-care doesn't scale per unit, I can get discounts for all units with pest control now that I have 27 just in one building, etc.  The cost structures just end up being challenging for me to actually create a solid uniform model.  Either that or I'm lazy and analytically challenged.  The other "fun" part about where I invest is that you do have distinct good vs. bad areas so $700-per-unit rent has different implications if that goes for one my 1-bedroom/1-bath units or (less than 2 miles away) a 2-bedroom/2-bath unit.  It impacts everything from the monthly water bill to the "expected" amount of abuse to the ol' units.  I try to factor some of that into my analysis but it's all property-by-property rather than a distinct model that can help me make a decision :-/

Maybe someone else out there has to pen-to-paper on how to model all of those things out.

Yeah, for sure.  For simplicity, I'm only trying to model small multi here.  Unlikely I'd aim for those smaller properties if I bought elsewhere, but it's helpful just because that's what I do in San Diego and so I have enough actual data from my own activities to compare with.

Ideally, if we could model that curve, and decide where we want to invest on it, then the real work is that property-by-property analysis (that you talked about) to find individual properties that outperform the model.

I actually live in NJ and have been looking to move to San Diego! Just need to find a job withh relo! Welcome to the group !

I would love to connect with you and talk more, I'll send you an email. 

@David Michael That would be amazing, I'd love to learn both. You can actually google me and find my contact info ...everywhere. Reach out when your free so we can talk 

I am a newly licensed real estate agent in NJ & NY but not because I want to sell houses, but more so because I want to invest so I have been working on networking and building relationships with investors who are willing to mentor and walk me through what they are looking for, the calculations,    Past deals they found and how etc. so that I can use my real estate license resources to find them properties on an ongoing basis such as putting in offers for them and re-listing their renovated rehab and repeat... I am even looking to learn property management and will entertain being a property manager for an investors portfolio ... with that said... how can we possibly help each other?