All Forum Posts by: Fradel Schaechter

I'm no expert yet, but I've heard good schools being mentioned as something to look out for. People want good education for their kids and will move to the areas that can provide that.

I am just starting out here, but I am very interested in any information I can get about being a Real Estate Professional for tax purposes. Just gotta wait until I have some deals to have those paper losses from... :)

Thanks for all these great posts and the PowerPoint...

I'm a new investor (no deals under my belt yet) but just wanted to share the way I'm doing things now. I just moved from Brooklyn, NY to Lakewood, NJ, and on the advice from others, am looking at which markets near me are close to the 1% rule (that the rental income from the houses is about 1% of the home values) and there are such properties about 20-30 minutes drive from my house. That makes it much easier for me to go look at them, and the prices seem right.

I am a new investor in Lakewood NJ, looking to network with other investors. When I look up the REI clubs near me, most are at least an hour away, which is very unpractical for me as I have young children and can't spend that much time away from home. I am interested in creating a new group that would meet closer to my home, but am unsure how to go about that. I would love to hear from fellow investors in my neighborhood, or from investors that have created such groups in their areas.