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All Forum Posts by: Eric Fichera

Eric Fichera has started 9 posts and replied 21 times.

Post: Buying and renting out condos in North Jersey region

Eric FicheraPosted
  • Staten Island, NY
  • Posts 21
  • Votes 10

Hi all,

I was curious about buying and possibly renovating/ renting condos in north jersey region, possibly Bayonne but open to suggestions. I wanted to see if anyone has any advice on this topic. I feel like as newbie its confusing to find out which places allow you rent out instead of just solely owner occupied. Any advice on this topic would be much appreciated.

Thanks

Hi Joe, 

Thanks for the response, any areas in South jersey to your knowledge that are good investment areas/growing areas?

how do I find out about those meetings?

Thanks for the response, how long ago was your first house hack?

Thank you for this. I think what you said definitely sounds accurate. 

How much start up capital is needed to get involved in a 2 family home in the NJ area?

Post: I am looking for some tips regarding condo hacking

Eric FicheraPosted
  • Staten Island, NY
  • Posts 21
  • Votes 10

Hey everyone I’m from Staten Island and have around 50k to invest. Currently looking at condos and since it’s kind of a crazy time I wanted to see if anyone had some tips for me in terms of possible condo/house hacking but I’m definitely open to other ideas as well. Thanks.

Post: New Jersey Multifamily Location Advice.

Eric FicheraPosted
  • Staten Island, NY
  • Posts 21
  • Votes 10

Hi all, I'm looking for some location advice. My goal is the invest in a multiplex (most likely duplex) in north Jersey area. I was looking in the garfield/passiac region as well as the jersey city area as well. My price range is 3-mid 400s. I was curious if anyone has any insider advice in terms of the neighborhoods as well as the basics like taxes. Thanks

Post: Debt to income ratio

Eric FicheraPosted
  • Staten Island, NY
  • Posts 21
  • Votes 10

@Lola Omishore Hi Lola, I appreciate the advice! Congrats on the condo and investment property. It’s definitely encouraging for me hearing from someone who’s in the same field as I am. Not too many of my friends or coworkers talk about real estate investing.

Post: Debt to income ratio

Eric FicheraPosted
  • Staten Island, NY
  • Posts 21
  • Votes 10

@Bill F. Thank you!