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All Forum Posts by: Ian Cramsey

Ian Cramsey has started 2 posts and replied 13 times.

Post: Looking to invest in Multi-family

Ian Cramsey
Pro Member
Posted
  • Real Estate Agent
  • Jersey City, NJ
  • Posts 14
  • Votes 7

Are you looking for turnkey properties (tenants in place, renovated in last 10 yrs) or are you more interested in properties that need work and potentially don't have tenants in place?

I actually live in Bayonne and I see the growth and value there but the property taxes tend to crush most of the cash-flow potential. Rents are strong and it's becoming more of a relocation destination for the NYC/Brooklyn type clientele. There is currently some competition with a few new luxury buildings and more on the way but there will always be renters for product that falls at a price point below what the new luxury buildings are asking. Offering parking is a huge value add in Bayonne and really any JC neighborhood. West Bergen is a JC neighborhood that has really strong growth and tons of new development. New retail has started opening up and more modern national operators are slated to open in the near future. Starbucks, Five Guys - and Target and Stop & Shop are coming soon. Taxes are pretty normal over there and it's on the safer end of the spectrum. Lincoln Park is pretty amazing and it's very well maintained.

Bergen Lafayette and Journal Square/McGinley Square are both getting crazy with prices and JC Heights is probably the most desirable and the most expensive. Downtown JC isn't really an option unless you plan on doing a condo conversion.

Greenville gets kind of a bad wrap but rents are strong in certain pockets of Geenville and as long as you offer a good product with desirable layouts/amenities you'll be able to command strong rent and get good tenants. There are some sections of Greenville that can get a bit dicey so best to understand the landscape before jumping in..

Happy to answer more specific questions on neighborhoods! Hope the above helps  

Post: Investor Looking for Connections in NJ

Ian Cramsey
Pro Member
Posted
  • Real Estate Agent
  • Jersey City, NJ
  • Posts 14
  • Votes 7

Let's connect! Sent you a pm.

Post: Valuing a potential purchase in Jersey City (Heights)?

Ian Cramsey
Pro Member
Posted
  • Real Estate Agent
  • Jersey City, NJ
  • Posts 14
  • Votes 7

Hi Bryan - Happy to help you with this. Just sent you a DM

Post: Multi family in Harrison, NJ

Ian Cramsey
Pro Member
Posted
  • Real Estate Agent
  • Jersey City, NJ
  • Posts 14
  • Votes 7

Hey Eric, congrats on taking the first step! I'd be more than happy to help with the Harrison house hack. Harrison is great town but inventory is often on the low side, so in that market it's best to ready to pull the trigger if you find a gem. I'm very familiar with the area and can also speak to some other markets that would also fulfill that 15 mins to PATH train and under 1 hr commute to midtown. My wife and I started out with a 3 unit house hack in Jersey City - it's such a great way to get the ball rolling and into the landlording game :) 

Post: Best Real estate opportunities on US

Ian Cramsey
Pro Member
Posted
  • Real Estate Agent
  • Jersey City, NJ
  • Posts 14
  • Votes 7

Hudson County can be tricky to navigate but there's still deals to be done in this market! I'm a realtor (mostly working the Hudson Co. market) and investor in Hudson and Essex. Shoot me a message and we can jump on a call - happy to help..

Post: Looking for a condo in New Jersey nearby NYC

Ian Cramsey
Pro Member
Posted
  • Real Estate Agent
  • Jersey City, NJ
  • Posts 14
  • Votes 7

Welcome to BP! Sounds like you're on the right track! I just sent you a DM.

Post: Impromptu Meetup in Jersey City - New Park Tavern

Ian Cramsey
Pro Member
Posted
  • Real Estate Agent
  • Jersey City, NJ
  • Posts 14
  • Votes 7

Stu, would join you for a drink but will be out of town Saturday night - Hope to catch up soon and talk JC REI..

Stay connected and keep me posted if you want to try and tee up another happy hour or something...

Cheers

Post: Contesting property tax increase in Jersey City - Referral?

Ian Cramsey
Pro Member
Posted
  • Real Estate Agent
  • Jersey City, NJ
  • Posts 14
  • Votes 7

Has anyone used an attorney who gets compensated on results (if he actually gets the property taxes reduced)? 

The taxes for my legal 2 family with finished basement almost doubled. I just received the letter for my 2018 tax revaluation last week and I'm not thrilled to say the least. 

Looking for a referral if anyone has one - need to contest this and I've got a meeting with appraisal office on Monday April 9th.

Any info on the topic would be great...what are my odds of getting these reduced?

Post: Want to Grow Your Business on BiggerPockets?

Ian Cramsey
Pro Member
Posted
  • Real Estate Agent
  • Jersey City, NJ
  • Posts 14
  • Votes 7

Done. Awesome initiative. Thank you!

Post: Looking for Real Estate Agent Reccomendations -- New Jersey

Ian Cramsey
Pro Member
Posted
  • Real Estate Agent
  • Jersey City, NJ
  • Posts 14
  • Votes 7
Hi Michael, I’m house hacking a legal 2 Family with bonus basement unit in jersey city. I’ve had this property since May and it’s been an amazing experience. Life is great when your tenants cover your whole mortgage:) I’m now getting into the Asbury Park market and am closing on a duplex down there on April 15th. Would love to talk shop and see if I can help in any way. I’m a licensed agent in NJ & NY. Shoot me a message if you’d like to connect. Happy to help no matter what phase of the process you’re in.. Cheers, Ian