All Forum Posts by: Jose Abreu

Hey Tyler, 

Ryan D has a point! Another good one that might help you see other situations that affect the RE Market on Camden is a article I was reading a few days ago by HomeVestors franchise.  Which you should also consider and make a deeper research before you dive in. Good Luck!

 When you click the link scroll down till you see Camden. 

https://homevestorsfranchise.com/the-ultimate-housing-market-forecast-for-new-jersey-investors-slp/

@Aida Casino    Keep in mind Hard Money is more expensive which should only be used if you have no cheaper option when the opportunity arises. Getting prepared ahead of time by shopping around with different maybe local community banks and credit unions for refinance will be something you should be doing ahead of time.  I mention these types of Banks because traditional banks or the big boys tend to have higher interest rates but less than hard money. 

having other buyers is the best option because some will go lower than the 

30%. Especially on a hot zipcode area.  I think Caleb is correct in regards to not being able to assign (wholesale) a short sale.  

Hi Marvin, 

Congrats for taking this big step towards a new future.  There are a couple of places in Northern (and Southern)  New Jersey (that with patience) you can easily buy a 3 family Under 300k! What you have to think about is whats your budget and what type of tenants you want to deal with. You can also find Multifamily for under 200k but you know what type of tenants you'll be dealing with. Just be careful who you hire as a contractor. I know a couple of investors that gone broke because of them. PM me if you need more detailed info on the market. 

I agree with @James Wise. You can hear BP podcast 319 in regards to Turn key properties with Nathan Brooks. I've heard him on other podcasts and he's awesome.  You can also do some research on management companies in areas of interest. Meeting them in person is key to have an idea of whats their business culture and ways they handle certain emergencies like a roof leak, broken pipe etc. If you want to dig in a little more in regards to emerging markets you can take a look at this   https://www.biggerpockets.com/forums/311/topics/56824-locating-emerging-markets. 

@Avegail T. Thank you! see you there.

I'm highly interested in attending (networking). Are wholesalers welcomed?