All Forum Posts by: Onur Ozdemir

@Matthew Otto It is all about vesting period. If you plan to stay in the company until you are 100% vested, then yes. Take an advantage of free money. Most of the companies ask you to work for 4 years to release it all.

If you don't plan to stay in the company until you earn that 6%, then I wouldn't recommend it. There are plenty of other areas to invest and grow your $.

Good luck

Cheers

Ozzie

Hi everyone-

I own my two family house in West New york, NJ. Looking forward to have 2nd investment in Union City, West New York or Guttenberg, NJ area. What is your thoughts on ivesting this hot markets (Due to being close to NYC)..

Another thought that I'm struggling, what about buying a mix use property (Store front + 1 residential apartment etc).

If you are familiar these locations, let's contact and talk about opportunities.

Cheers

Ozzie

@Rakesh Agarwal I bought my first investment two family on 59th street clise to Boulvard east. I certainly like the area.

@Margharita Silva I would go with West New york which I bought my two family house in WNY.

Would it be legal to add roommates on the lease so I avoid calling my house as "Illegal Boarding House"? Hi guys- You will probably find my question silly or weurd but it is my first post on BiggerPockets and you guys are awesome! I'm sure someone would advise me on it.

We are 4 friends that we know each other since we were kids. The West new York, NJ town, building department recently told me that I can't rent out my rooms to anybody even if I own the house and I can't make individual leases for rooms as well. My question is how can I make it legal and live together with the people I want?

1) Can I prepare a lease on my own house and add each one of them on the lease?
2) I have 5 rooms. Does it mean I can have 5 beds in each room? What makes a room legally a bedroom to sleep? 70 squarefeet per person?
3) If I don't take money from my friends, would it still be considered as rooming house?

People live in same house for years and town doesn't make problem. Why would it be an issue to live with the friends?