All Forum Posts by: Jorge Hernandez

Originally posted by @Mario Castelan:

I live in Camden. A couple other members on here have bought property before and rented successfully. I would say as long as you do your due diligence, and make sure the house you purchase is not on a dangerous block. It might not be a bad investment. 

 Cool. 1934 South 7 street in Camden is available for purchase. According to Trulia it is an okay section, but I rather ask around to see wassup.

What is your opinion about Camden, NJ?

Good?

Not Good?

Too much crime?

It will be my first property

Does anyone know what are the general management fees for new jersey. North and south. Thank you 

I use the 50% rule to quickly analyze a property

Property

Irvington, NJ

265,000 with property tax being just under $11,000

2 bed/ 1 bath over 2 bed/ 1 bath

rent according to zillow is 1,400 for an updated , nice apartment

according to the the online mortgage calculator the payment would be just under $2,500

With the 50% rule you have only $1,400 to pay $2,500 making this a bad deal. Maybe I need to do a different because 99% of the properties are over the rent roll income by 30 - 40% 

@Ibrahim Kidwai

Cool. I appreciate it. I'll message you

I am looking to buy my first property. I am looking in North NJ. I would like to connect with investors who would like to offer advice and possibly partner on a deal. I am a handyman and I believe it's ironic that I can fix houses but I cannot start buying my own. I am motivated to buy a 2 family this year. 

At this moment my biggest hurtle is getting the money to buy potential deals. I am starting from zero. Can anyone offer an advise on how I can overcome this situation

@Maya Torres

Pergo wood.

@Shane H. It sucks HUGE , big time nuts but the best businesses stay professional and live to fight another day. I used to work with a landlord who's bread and butter was low income tenants. Try to walk a day in his shoes and you will experience your scenario every day. Eviction court knew his company and personal on a first name basis!!

@Batu Hofer Hey Batu I am working on a basement doing a repointing job. Do you have any experience with mortar and its application?