All Forum Posts by: Jack Puso

I prefer multi family dwellings for buy and holds. It allows for renovations without shutting off the income completely and allows you to be more selective with tenants.

I found it best to partner with someone with experience on your first deal. Once you have learned enough you can start doing your own.

If you have rental units that cover the expenses you will be able to survive a downturn in the real estate market. If you do not over leverage yourself on an individual project, you should be able to manage an escape on the drop. I don't see another 2006 top like last time, the banks have actually improved their "game".

I look for the best deal out there then determine, based on numbers if its better to flip it or hold it. Marvin's idea is a great one and exactly how I started. I renovated my first investment property, did a refi and that funded the next one. I have since flipped a few and also added 2 more rentals. The key is getting a good deal on the first one.

I have several rental properties in NJ and the key is to find a town with lower taxes or get a good deal on a foreclosure or short sale. I am a Realtor so I have access to find great deals. You should be able to find rentals near you because of the access to route 9.

Making monthly payments, I will pay it down with my commission checks.

@Kevin Yi I was able to open up my HELOC and purchase a foreclosure that is producing income while also flipping one more house in that time. Using the HELOC was def the right way to go!

Jersey shore has some good deals.

I believe it is advantageous because you would not have to pay commissions and you can look at what is available instead of relying on a realtor to find it for you.

Unfortunately you are responsible because the work was done on your property. If you cannot get your gc to settle you will have to pay the sub then sue the gc to get it back. If you do that make sure the sub is in the right before you pay him otherwise you will not win the suit vs the gc.