All Forum Posts by: Isaac S.

I have one 2-family in NJ that I am renting out and looking to add one buy and hold property (preferably in North Jersey). Now, it seems like buying outright is not very profitable and so I am trying to brainstorm ideas for buying something that needs significant work, then rent it out. I am not looking for specific deals, just ideas or strategies to do that. 

For example, I heard people buy single family homes then make them 2-family if zoning allows. What some strategies to add value and allow you to compete in less crowded sales that worked for you in NJ?

Thanks,

Hi!

I am putting a 2-family for rent in Clifton, NJ. What's the cap rate for 2-family in this area? I have some comps but want to check using property specifics.

Thanks!

I am about to rent an apartment to a section 8 tenent. I signed the lease the lease already. they did the inspection today.

I just found out that the fair market rent for my apartment in my county is $90 more than the rent and 2017's FMR is $207 more than the rent I signed on the lease.

Can I try to change the lease at this point? Do they try to negotiate landlords down? Or is it the norm to ask for the full FMR?

I am looking at a few multi-family properties for buy and hold in Clifton, NJ. They are near the Passaic river flood zone based on a few flood maps that I checked. I don't know if they were affected in the past, but it seems unlikely that they were. On the other hand they are 5-7 streets away from the flood inundation point, and with global warming on the rise I am afraid this will make resale value low should they get affected by floods in the future. Have you ever considered floods or other natural disasters in your analysis? Or am I being too cautious?