All Forum Posts by: Justin Eaton

@Roman Bulgakov Good question! ....look for a large group of motivated individuals who love real estate investing haha I'm sure you'll recognize some of us from the BP profile photos 

@Steve Boianelli Hey Steve, i have worked with a local hard money lender on two previous flips i've done. Message me and i can get you his info. They can close pretty quick, within 2 weeks typically. 

@Steve Boianelli Hey Steve, i have a few friends coming who are not on BP yet either. I would say to bring them. At this point i think there is 10-20 people who plan on attending, i hope Panera bread isn't crowded! LOL I think we will have to find another location for the next meet up, we'll see what kind of turn out we get. 

@GC Vaghasia See You there!

@Ty Martin No problem dude, i definitely plan on hosting more. 

@Ian Livaich See top of thread for details. 

Hey @William KJ Kulik welcome aboard! I couldn't agree more with @Tom Doherty about wishing i knew what i knew now as soon as i graduated college. Hell if i knew what i knew now before college i wouldn't have went. I also have a considerable amount of student loan debt. Instead of trying to pay those off, i prefer to pay them as regularly scheduled and combat the payments with cash flow (as long as your student loan interest rates are low). It may only take one or two rental properties for the cash flow to cover your student loan payments. 

I would definitely suggest a house hack via duplex, tri, or quad. In most cases, the rental income will cover at least 50% of your PITI. Also, it will allow you to be an on site landlord and you will gain some valuable experience in that field. In addition, when you're ready to move onto the next property to live in, you can rent out the space you were living in and have a nice cash flowing property that you're very familiar with. Now, if you can find a multi that needs some upgrading, this is where you can really make a good buck because you can force the appreciation (increase the value) by making upgrades to the property. Also, you can use FHA financing which will allow you to get into a property for only 3.5% down, so it may make it easier for you to find and afford a nice multi in the areas you mentioned, which are mostly B+ or better.

I have actually been actively searching for a multi in those areas as well, specifically Haddonfield, so i can definitely keep an eye out for you.  Try and make it to the meet up next Thursday! Hope to see you there and good luck. Feel free to message me as well. 

Justin 

Awesome! @Steve Boianelli @Michael Celona! 

@Mike Bonadies @David Weintraub See you on the next one!

@Ty Martin Thanks! See you then.

@James Masotti Great! 

Hello all! I have been networking with some of you guys in the South Jersey area and i've been wanting to start a South Jersey meet up. I figured we could get together at Panera bread for the initial meet up and then discuss other possible locations for future meet ups. I will also prepare a short presentation regarding investment property due diligence and benefits of a home inspection. I would like to try and get a solid head count so that i can adequately prepare for the meet and change the location to a bigger venue if need be. 

Thanks!
Justin 

Hey guys! Great stuff, i have invested in most of these locations. See my comments below:

1. Haddon Township is appreciating through the roof. I did a flip on the neighborhood just off of Cuthbert Blvd near Cooper River park in 2015 and sold it for $323,000. Based on recent sales, the house is definitely worth somewhere around $375k-$400k now, its incredible but very hard to find deals. I know a couple investors who flip primarily in that area who seem to have a strange hold on getting those deals. The Oaklyn side of Haddon Township and Oaklyn itself is on the rise because the Collingwood/ Haddon Township side is growing that way. 

2. Rowan is all BOOOOOMING.. The college is constantly expanding and i don't think it has any plans on stopping. Tough to find good deals close to campus, the key here is to find properties within walking distance to the school. You can get $400-600 per student on a rental.

3. Woodbury is a C neighborhood for the most part, houses are fairly cheap but the taxes are higher than the should be so be careful with that. Woodbury Heights is the next step up as far as quality of location. I just completed a flip there.

4. Gloucester City is a step and a half above Camden. Low income and a lot of section 8. I know an investor who has two duplexes here that he is looking to sell and is offering partial seller financing. Let me know if you're interested and i can put you guys in touch. I personally would not invest here because of the location. However, if Amazon comes to Philly, the Gloucester City / Camden and other river front areas in Jersey will probably see some increase in value. 

5. Collingwood is great for flips and rentals, especially in the right location. Hard to find good deals. Its becoming an attractive location for people looking to move out of philly because of the Patco.  

6. I am wholesaling a duplex in Audubon this friday. Good rental market, taxes are high. If you an get near the downtown its attractive because there are some shops and stuff which people can walk to. Some sections of Audubon are really good for flips too. 

Feel free to message me and we can talk more! I am looking to set up a BP meet up for south jersey after the new year!