All Forum Posts by: Joe G.

Does anyone know of any financing programs that require only 20% down for multifamily investment properties? There is a potential deal on the market which will go fast but at the moment only have 20% for the down payment.  I want to make an offer ASAP so curious to see if anything is out there where I don't need to put down the 25%.  Anyone have any recommendations?

Know this post is a little dated, but also looking for investor friend realtor to connect with in the NJ area.  Appreciate any referrals.

Thanks everyone for the info so far.  

What are some people's thoughts about the Columbus, OH area in regards to cash flowing properties? I feel like I've seen a lot of posts about Columbus so not sure if more and more people are flocking to that area.

After months of reading and researching throughout BP, I've re-evaluated what I'm looking to do with my RE investment goals and am aiming to purchase my first property this year.

Basically, I am looking at out of state markets with cash flowing properties to eventually replace my W-2 income. I have around 80k to work with and looking at multi-family/unit properties however if the numbers work SFH as well. Ideally, want to 'rinse and repeat' to build my portfolio using that 80k whether it be cash out refi or through creative financing.

Some of the markets I'm interested in are Columbus, OH, Indy, Pittsburgh, and KC.  Open to hearing any other suggestions on good cash flowing markets as well as what everyone looks for in evaluating and finding these type of markets.  I've tried looking in my area and around northern NJ but the numbers are very tight especially with property taxes over 10k and I think going out of state makes the most sense for me in regards to my RE goals.

I understand the risks in out of state investing but also the importance in establishing a good team in regards to brokers, agents, contractors, PM's so would love to connect with anyone in these markets who would have good recommendations in getting started working with out of state investors.

I'm looking to purchase my first real estate investment and am wondering if anyone has any recommendations/advice in buying out of state.  Mainly looking for buy and hold with solid cash flow potential.  I was originally looking in the Northern, NJ area but quickly realized everything here is very pricey so I started researching out of state.  

My research has led me to a few areas in Florida (specifically Orlando and Jacksonville).  Anyone have any insight in these areas specifically the Kissimmee area near Orlando? Are there any specific areas to stay away from? I've seen a few places in Poinciana but am still doing more research on crime/schools/etc.

Thanks!

Thanks, I've been doing some more reading about JC and it seems that a good spot to start looking is Bergen/Lafayette near Liberty Park.  However, I've also read that there are some bad parts to this area.  Anyone have any input on this area?

I've also considered looking into Union City/West NY/North Bergen.  Any chance of finding some deals in this area?

My budget is in the 300-400k range and looking to buy and hold.  

Hi everyone -

First time investor here looking for some advice on buying a MF home to rent out in the Jersey City or North Bergen area.  Specifically, what are the best areas in JC that are close to Bus/Train/Lightrail besides Journal Square? Thought about the Heights as well.

Also, is it best to look for MF homes that already have tenants in place?

I've only started looking at listings online for the past month but want to get serious now.  Currently live in Bergen County.  Not sure if there are better opportunities there but would love to hear everyone's input.