All Forum Posts by: Shawn Mcenteer

I am new to RE and was wondering what is the best company to start out with. I want to learn as much as possible and am willing to do what it takes to be successful at RE. What company will provide best training?

I am in the process of getting my RE license and was wondering what is the best company to work for? I want a company that will train me. The major company's in my area are Weichert, Remax, and Century 21. I live in northern NJ, Morris county.

Also I am under the impression RE companies are caught between a rock and hard place when it comes to training employees because the better they train an employee the more work he/she will take from some one else but at the same time if an employee is trained poorly it will reflect there company. Is this a problem RE companies have?

what is a good cap rate for investment rental property?

Is there a basic formula for find out if a property is a good investment or not? I am looking at a few places that look to be under market value and have minor renovations. The one is a two family home. I am looking to rent out the one half and live in the other and potentially down th road rent out both sides. I am looking to purchase rental properties.

thanks everyone!
Chris Masons did you experience take place in NJ?

Ty :)

how long does the eviction process take in NJ? and are tenants required to pay back any unpaid rent if they are evicted?

What source do you use to screen possible tenants?

what does the rule of 50 mean?

I am looking to purchase a property for $190k w/ 5% down fixed rate. Taxes are $6,800 per yer. It comes out to be about 1700 per month = $20400 per year. Take the taxes out it comes out to be $13,600 per yr. The mortgage is 30yrs but when i do the math it comes out to be $408K im paying over 30 years. Is this correct? Should a mortgage really be more than double the cost of the home over 30years?