All Forum Posts by: Edward C.

Am focused on northern NJ and Manhattan.  Have done well over the preceding 5 years as a landlord across states.  As most things, key is buying right and ensuring that you have the right relationships to do so.  Good luck.

Charlie and all. Thank you for sharing these thoughts. Am going through a similar situation with a unit in NJ. Was looking into electric baseboard heating, but the mini-split sounds like the best way to go.

Hi all - realize there are still likely pockets of opportunity in various local markets, but wanted to pass along the following. Happy hunting! https://www.cnbc.com/2017/12/07/the-profits-made-from-flipping-homes-continues-to-shrink.html

Pls tag and let me know as well. Thanks.

Hi Philip Messer I’m also an investor in NJ (mostly focused on Bergen / Hudson counties) and looking to diversify my regular income real estate. Are you focused on your local market? And are you thinking of buy and hold, flipping, etc? I’d be curious to better understand what the market is like in Morris County.

Look me almost exactly like stairs that I had to deal with. I’d tear up the carpet and then have your contractor sand it down and then finish with a nice stain.

I invest on the east coast and have tenants pay all utilities. It may be market dependent, but an expense that I haven’t had an issue with passing on to my tenants.

An MBA from a top-5 program could accelerate your earnings potential in the near term and pay for itself relatively quickly. Starting all-in comp ranges from $200k to $300k in the first year post graduation. It quickly goes up from there depending on the industry.

That sucks. Think you try and get the lender to reimburse you the $600 as an act of good faith and with the hope of doing future business with you. If you’ve met the lender on the forums, I’m sure they will be concerned with maintaining their reputation for doing what they say (doesn’t seem to be the case in this scenario) or at the very least taking care of their clients when they’ve made a mistake that is costing you $. If not, I think you take the hit. It isn’t that much in the grand scheme of things and you may have saved yourself from overreaching. Think you said yourself that this deal was “okay” at the lower cost of capital (and even less appealing at 8%). If you’re reaching for yield and paying too much, this could be a blessing in disguise (albeit one that cost you a couple hundred) and you may be glad that this deal ended going away from you. This last statement is mostly driven by my general view that we are late in the cycle and the market seems to be cooling.

John Errico please let me know when the next meet will happen. Thanks.