All Forum Posts by: Jonathan Cavallone

Hi everyone, I am in the process of closing on my first duplex and was wondering what everyone suggests for a property management/tenant screening software? I have currently set up a turbo tenant account and it seems super simple in terms of the application/screening process and it is free. I want to start off on the right foot with a good platform for a growing portfolio. I have also checked out rentredi and was wondering if anyone has any experience with either of these platforms, or something else they suggest! Any feedback is appreciated, thanks!

Sorry, to clarify I am not looking in Hoboken as you are correct @Jonathan Greene. I am looking in the surrounding areas of Hoboken like Union City, Weehawken, West New York ect. 

@Harry Arnold my interest rate is going to be about 3.7% because as you said it is structured as an investment property. Ideally I would like to get one cash flowing property before I go house hack so I can have some additional income to hopefully cover most of my living expenses. I currently live at home with my parents and am not in rush to move out so I was thinking of waiting to house back until I am ready to move out.

Hello everyone! New to the BP forum but definitely not new to BP! I just graduated college and am ready to buy my first investment property in Northern NJ. I am pre-approved and ready to go. I have been making offers in the Hoboken/Jersey City area, but the places I am looking at are selling for too much for the numbers to make sense. I am looking for something in the 180-250 range but it seems as though the cash on cash return I would receive from most of these properties are in the low 4-6% range.

Northern NJ investors, what kind of cash on cash returns are you guys seeing on your properties where you are putting 20% down? What are some good cash flowing areas in Northern New Jersey? 

Any feedback is appreciated, thank you!