All Forum Posts by: Daniel Kosciuszko

I've been getting concerned with the recent news about NY and its future. Add to that my family who have moved down south and constantly **** on my for still living in NJ/NY metro area. I am about to start getting into BRRRR investing and was considering Newark because of its proximality to NYC which I figured is good for stability. I could move since I am renting at the moment and learn another area if its much better. Please advise.

I am ready to start investing in properties with the BRRRR method and am trying to figure out which of these three areas is the best? For North Jersey, I was thinking Newark since I am familiar with that area and rents are high, but I don't know much about philly/Lehigh Valley market. I am willing to learn more and study another area if its worth looking into. Please advice before I stick to one market. Thanks!!

I would like to flip homes with a friend who is a contractor in NJ and I am trying to figure out the best way to structure an agreement between us. I have the financing and he has the building skills and about. Originally I was thinking I would buy the house with a asset backet loan and he buys all the materials and labor and we slip the profits 70-30 where I keep the 70 percent. And we write up a contract and get it notarized. I have access to 800K and he has about 250K he can use on materials/labor. I'm sure and LLC would be the safest way to go, but would it be okay if I buy the house under my name only and then we just sign an outside business contract? If not, how should I structure the LLC? Would it be separate LLCs for each of us or one LLC and how would we determine how to slip the profits? Thanks!

Thanks @Joseph Guzzardi Jr. For a house hack of a multi-family home, what are the key things I'm looking for? For example, a small duplex (side by side) where I can add on a side addition on both, or built up? My step father renovates houses so I can pretty much get anything done, but whats the best bang of the buck? I want to stay away from Esseex even though I realize its the best area for multies, because I want to live in one unit and prefer morris or passaic county.

 Hi John, thanks for the advice. How do you manage your properties in Wisconsin? 

I have just over 100k to invest right now. I live in the North Jersey area and was thinking for buying a 1 story ranch house (not many left) in the more remote north west NJ area, which is the area I love to be in (reminds me a little of Vermont) but is still close to big cities because its NJ. I thought I could add a second floor (I've done it twice before working in the trade) and hold for a few years and then sell. I am recently married and we can't leave NJ just yet, nor are we certain we want to. But perhaps I could also buy a multifamily in another state and have a property manager take care of the rent collection. So either I buy and rehab/add on or buy a multifamily and live in one unit and make passive income. Where should I look to get the best ROI and what do you think about adding on to an existing 1 story ranch? Thanks

Thanks so much @Matt M. How about Easton, PA? I am looking both for a MFH and also a cheap single family which I can flip. Whichever poses a greater opportunity I guess

How is Phillipsburg for buying a MFH at the moment? I noticed there are many and I drove through the area yesterday but it seems like a dying city (no offence). Also any advice on Easton, PA?