All Forum Posts by: Kelly Williams

Quote from @Shawn Mcenteer:

I don't think you'll have an issue with value going up in New Jersey.  Its more so a question of will it go up in value more or less than other areas. 

 yeah good point, I am looking for a great return in a short term. and having hard time how to find such a neighborhood. For example I bought a property in NJ 07105 and after 3 years I sold for double of the money, it was not a flip I just remodeled the bathroom and painted the house. Not much is for sell at the moment in Ironbound neighborhood. I am looking in Sayreville but it doesn't' look like much will happen there any soon 

I am about to put an offer for  a property in NJ Sayreville 3 bedroom 2,5 bath very specious house. 

Considering the house is not located on a metropolitan area I am worried that the value of the house won’t go up in the future. What’s your thoughts on that? 

I found your post very interesting,  I have some questions for you about flipping ...
With no knowledge in repairs, or remodeling the house do you think it is a good idea for me to get into flipping? Who does most of the work when you flip the house? Do you use contractors? Will there be any profit if you use pros to do the job? 

I want to flip the house but i am not sure if that is a good idea for me, considering i have no experience in construction work

we all have to start at some point tho, any idea on starting this type of project without having prior experience ?

What's the quickest way to make money in real state? 
The answer may vary case by case depending on the level of money invested and individuals interest/capability.

Some say flipping the house, building house in high demand area or buying the property and holding on to it (which may take years for the value to go up, in some case the value wont really go up)


But however is there a known and easy way to make fast and easy  money in real state? 

Quote from @Vadim F.:

you're not taking in consideration capex, pm fee, etc. You're true cash flow will be around $300 I'd assume and yield will be around 5%. Better off putting that money into a CD or HYSA at 5%. My 2 cents

it is overseas they don't have high HOA, or property taxes...something totally unheard of, property taxes and HOA for a YEAR is less than $100.

I just would like to know more about downside of investing overseas. any idea on that? 

Quote from @Jonathan R McLaughlin:

how easily can you resell it? And does someone have to have all cash to buy or is it financeable? Will taxes go up after purchase? Positive rent growth or appreciation possible?

Numbers seem viable if the above stuff checks out, but not such a blazing good deal you can't afford to miss out. Whats the upside, whats the downside and whats the exit?

it seems very easy to rent and resell might take about 2-3 months. it is a cash deal, rent growth is around $40-50$ per year. Appreciation of real state is high for the past 2 years has been around 15-20% min.

IMO the upside is I don't have to worry about mortgage and high HOA fee, even after investing 75K as a down payment in most parts of the US with todays mortgage rate $500 cash flow is not easily happening. Another upside is you can kick out renters if they stop paying..

Downside is the building does not look appealing, water pressure is down, might need some remodeling. 

monthly rent $500 
HOA $50 per month
insurance and other fees around $100 per year . Pretty much I am left with clear $450 per month after paying all those fees

Quote from @Vadim F.:

@Kelly Williams we need more details on how you are calculating your cash flow.

 such as ?

I am about to get a 3 bedrooms condo overseas. Condo costs around 75K no closing cost. Maintains around $100 per year which is very cheap.
Monthly cash flow $450 USD 

My question is that, this sort of investment worth it or not? Meaning buying in cash 75k and having cash flow of $450 per month (tenant pays all the bills).

I am fairly new in investing trying to invest and get cash flow. Plz guide me what should I take into consideration! 

How people are investing in todays market  where rent doesn't cover mortgage payments?  ... No matter where u buy the house u cant rent it for more than mortgage payments...It means I have to be in minus to keep up a property and a tenant, even assuming I put 20-25 % down .Why so ? 

In what states mortgage payments are gonna be lower and rent high so that investors would get profit from the first month if it still exists ?

I cant figure this out, plz leave your opinion and advice, i highly appreciate it!!!