All Forum Posts by: Kapil Patel

Hi all,

I'd like to know opinions from avid investors in JC/NY area on pros and cons on investing in 10 Regent condos in JC.

Thanks,

Kapil

Hello my good BiggerPocket friends,

What is your opinion and advice on the below?

I'am a little confused in what type of investment direction to go. Personal property (rental few years down the road) vs group rental investment? I feel personal property will diminish my monthly cash flow and cause delays in getting a personal property. 

Personal property, even though the cashflow will be diminished, I would be 100% owner. I could leverage equity and smaller increments of savings for a second propoerty vs group investment I indeed will have more monthly cashflow to play with but the onwership would be 25%-50%. I mean either way I see the same profits. I dont see which one would be better or worse in my number crunching. What you think? Solo or group? I may be overlooking the pros and cons, not sure. I am looking to get feedback from experienced investors out there in the BiggerPocket community.

Thanks,

Kapil

Appreciate your feedback @Harjeet Bhatti and @Spencer Abeyta

Hi Ami,

Its awesome to meet you, lets connect. Best of luck!

Kapil

Hi BiggerPocket family,

Is it possible to make profits on 3% down payment after monthly expenses? It seems like you need to put down 20% or more. How do other investors keep buying property after property? Do they refinance existing investment and leverage that on new property (20%)? If yes then existing rental unit where a refinance was done, the monthly would go up, maybe even more than rent coming in.

Any experienced investors, please advise on your strategies.

Thank you,

Kapil

Hello BiggerPocket friends,

My name is Kapil and I am a newbie investor. I am new to Jersey City and do not fully understand the market. In fact I moved to US from Canada last summer.

If anyone has solid expertise in Jersey City area it would be so so so so helpful and appreciated.

Currently, my wife and I are looking to decide to purchase a condo with low overheard costs (no condo amenities, pool, gym etc). Looking into small condos 10 units or less in the Jersey City The Village area (not Newport) area. We are looking for a type of property which we can live in for a few years and then turn it into a rental unit, we want to keep it long term. What type of condos should we go for? What price range? What is more in demand a 1 or 2 bedroom? What are the young folks more attracted to the newer construction or older?

Look forward in feedbacks from the BiggerPocket family :)

Kapil

Hello BiggerPockets friends,

I am new to BiggerPockets and wanted to network with as many professionals as possible including investors, lendors, and agents.

Look forward in speaking to you all.

Thanks,

Kapil

@Stan S. I am curious, where is BL?

Thank you @John Knisely