All Forum Posts by: Jose Jusino

Hi BP!

Any long distance flippers here? I'm looking to get into the long distance game and I had a quick question. What do you look for when looking for a new market to get into? How do you decide on where to look?

Thanks!

I truly appreciate this information @Justin McElroy. Thank you!

Hi BP,

Not sure if this is allowed here but if it is not, please delete.

I am currently looking into flipping properties. At the moment, I don't have anything under contract, but I want to be prepared for when I do. Just trying to make sure that I'm not rushing and stressing while conducting my due diligence, and making sure that the process goes as timely and efficient as possible.

Currently, I am looking at weighing my options when it comes to hard money lenders. I have spoken to a few but I want to see who else is out there. Are you, or do you know of any lenders that you would recommend?

Either hard money or even gap funders maybe? I would love to learn more about what other options/rates/terms exists out there!

Thank you and have a great day!

Thanks! I've done a decent amount of research and I think I'm pretty comfortable with how hard money lenders work. Are you a hard money lender?

That is so true. Thank you so much for that bit of motivation at the end too. I've been extremely overwhelmed trying to learn and take on as much as possible that it has sort of given me a bit of analysis paralysis. 

I just need to take it one step at a time and make use of those BP Calculators!

Hi BP!

Quick question. What are your thoughts on Hard Money in NJ? I've seen areas where the taxes are about $12k a year. Thats almost a whole nother mortgage!

On top of fees, and points, and interest, how can Hard Money work in a state like NJ?

Just curious.

Hey BP!

So my name is Jose and unfortunately, I have completely overwhelmed myself. I'm a complete beginner and while learning about all of these Real Estate strategies, lead generation techniques, markets, NJ State Taxes!, etc, I froze myself and don't know what to do.

Many of the strategies that I've considered seem difficult where I currently live because of asking prices and property taxes. I thought about out of state investing but I'm not comfortable leaping into a market that I'm not too familiar with. I've even considered waiting for the market to shift more towards a buyers market but thats just a silly excuse to not get started now.

How did you guys get started in Real Estate? I would love to hear some of your stories about how/why you got started and what strategy you used to get started. Did you face any humps in the beginning? And how did you overcome them.

Hi @Edmund Fontana. Welcome to BP!  Bigger Pockets actually has a great Podcast with over 300 episodes. I'm sure you can find useful tidbits there if you search for episodes that are related to your interests.

There is also a bookstore and constant webinars being held where you can continue to learn.

You're definitely in the right place to gain information on REI!

@Dionis Dvorin Welcome to BP and Congrats on deciding to get into REI! You'll find many valuable resources here!

Hi BP,

Please excuse me as I am new to the field of REI so this might be a silly question but I'm just seeking information and knowledge.

I've been reading about finding leads and one thing that comes up often is "find out if the property has a current mortgage that needs to be paid off". 

As an investor who is interested in buying this property, is the current mortgage a bad thing? I just want to understand why this has to be known.

Again, sorry if this is a dumb question but thank you all so much for all the invaluable information you provide!