All Forum Posts by: Jake Drappi

@Account Closed Thank you for your input!

@Antonio Cucciniello Great - I will reach out next week!

@Bill P. Got it, thank you!

@Antonio Cucciniello Thanks for your response.  I am actually in Old Bridge now - so even closer.  Maybe we could even grab a coffee or lunch one day.  Would love the opportunity to see if there is anything I can help you with.

I am looking for cash flow mostly, which is why I am starting to research South Jersey cities now.  What areas of NJ do you typically invest in?

@Greg Scott Thank you for your response!

Hello BP!

I am still a newbie investor, looking for small buy and holds and possibly BRRRRs. As of right now, I can go down many routes, but finding the right pay seems to be the hardest obstacle. Financially, I am able to afford a decent down payment on a multi family that is turnkey, but I am not seeing the ROI on those in NJ. I have started looking at higher cash flow areas in southern NJ, but there seems to be very little appreciation. My current situation is, if I decide to act now, I can buy a handful of small SFH or small multis in south Jersey that will cash flow or I can wait another year and I can meet the accredited investor standards and get into multi-family syndications.

My predicament is that I can either get into doing the work it takes to buy smaller deals and cash flow well, or wait until I am an accredited investor and still cash flow off of syndications without doing the bulk of the work.  

Which route would you take?

@Darren Sager Did this ever take off?  I would be interested in this.

Hi BP,

I am looking for a CPA to help with personal finances, but one with experience working with investors.  I am not an investor yet, but if I am going to find one that can assist with my personal finances, I would like someone who also does RE, so as I dive deeper into this business, they are ready to go with me.  If you have any referrals in central NJ, please pass it along!

Thanks,

Jake Drappi

 I guess I should have been more specific.  When it comes to ethics in particular, if you have to ask, you know the answer.

@Kenneth Garrett Thanks for your input.  I have rerun my own numbers and it looks to be solid, but there are almost no comps that I see that are very similar to the one I would be doing, as the square footage is relatively tiny (698 square ft) and it is on a bit smaller of a lot.  Also, there were not many recent sales within a half mile, so I am having a hard time nailing down comps.