All Forum Posts by: Justin Thompson

Hello!

I am an investor located in Northern NJ and am looking out of state for my next investment.

I was looking to invest in the Indianapolis area as a good BRRR market as the numbers no longer work very well here in NJ.

Would love to network with some fellow investors and get a good idea of zip codes to focus on. 

Also looking to assemble a team and find a great property manager to partner and build with.

Thank you in advance for your help!

Hi Ajna,

Seeing this a little late but would love to connect to see if you have any other deals in the area!

I am an investor from Northern New Jersey and am considering Indianapolis for my next investment

Would love to hear your experiences as well!

Thank you!

Thanks again for the help!

Bought my first 2 family in NJ & am now looking to invest out of state. I have roughly $100k saved up but would like to raise capital for deals so I can buy more attractive properties and scale faster. Would love to connect with a fellow investor that has experience raising capital and who would like to speak about their journey. I realize time is tight so if there are any RE related items I can lend a hand with to compensate for the time spent speaking I would love to help and learn that way as well.

Looking forward to connecting!

Hello,

Looking to grow my Real Estate team. I am searching for a well rounded Real Estate Attorney as well as a Real Estate specific Tax Professional that I can add to my team and grow with moving forward. I currently own one 2 family property but will expand. I am based out of Northern NJ, specifically Clifton so anyone within the area would do. Any referrals or recommendations?

Thank you!

Thank you Mark - rent laws are a bit hard to grasp online! Unfortunately I don't think I have much leverage here, if I raise the rent and tenants do not wish to pay my hands are tied more or less until the moratorium is over. Hopefully cash for keys will help incentive the tenants. Thanks again

Excited to share that I have recently closed on a two family house in Clifton, NJ (suburbs of NYC). The house is in great shape and is in a good part of town within close proximity to bars/restaurants etc. My plan is to house hack it and live in one of the two units. Upon closing on the house 1/2 of the tenants have left which allowed me do do some work on the downstairs apartment (refinishing the floors, painting and opening up and renovating the kitchen). 

I have had no luck getting the other tenants out (I only wish to do so because they are paying $500-$600 under market value of the rent in the area, town is rent controlled as well) otherwise they are good tenants. Any advise for removing them amicably from the property? With the current moratorium I have been reluctant to go the legal route as I do not believe it would yield any favorable outcome at this current time. The tenants have expressed a desire and willingness to move but are expecting a child soon and are not willing to pay any relator fees for a new apartment - so they are not in much of a rush, thinking about offering cash for keys as my next step.Any feedback here is greatly appreciated!

On a second note - my plan is to continue and build my portfolio from here, I'm interested in hearing what other successful investors who live in high priced real estate markets think about investing out of state or staying the course and playing the surrounding area for the next few deals.

Thanks again,