All Forum Posts by: Kevin Manafi

Hi @Jacob Brush,

I'd recommend using the practice quizzes/exams; they were pretty close to the actual questions on the real exam in my experience. Good luck!

Hey @Jacob Ramos, 

@Joseph Stern Is a broker in the Tampa area and owns/operates several AirBnBs as well.

Hi @Nath Lau,

The most reliable and up-to-date method is by calling the municipality directly.

@Mendez Garcia Driving for Dollars is one of the easiest and most common real estate strategies for finding off-market properties--you just drive around different towns/neighborhoods looking out for homes that look distressed, vacant, abandoned, etc. (homes with overgrown lawns and weeds, mailboxes filled up, etc.)--you can then note the addresses and mail them, try to doorknock and/or cold call the owners and try to purchase the home.

Hi @Binyamin Cooper,

Welcome to the BiggerPockets community! It's great that you're starting off your investing journey.

I'm an investor and investor-agent in Northern NJ. Happy to connect and chat more about your goals.

@Derek Sherpa It's definitely confusing and vague at times to figure out the current laws around STRs especially since they vary by municipality--and in this regulatory landscape where it seems like new laws around STRs are popping up almost daily now, your best bet for the most up-to-date info is definitely calling or going straight to the town you're interested in.

Hey @Mendez Garcia,

Welcome to the BP community and congrats on your first post! It's great that you're starting out your investing and house-hacking journey.

In terms of searching for off-market properties, there are a lot of different strategies, not just limited to door-knocking. These include direct mail, cold calling/emailing, and driving for dollars, just to name a few. It's really a trial-and-error process over time of experimenting and seeing what works in your particular area.

Hey @Sergio A. Chucaralao, that question really depends on the specific investor and their risk tolerance. Being a partner in a deal is obviously more active and hands-on, and you have more control over the day-to-day. If you're more experienced and have the capital and would like to be hands-off, funding a flip could be a different option to earn "passive" income--although the risk is much higher for you as you're placing your confidence in the investors and the deal you chose to fund. For this reason, you'd want to be pretty confident in your ability to vet and underwrite deals thoroughly before lending your capital. 

Hi @Reetesh Sood, I'm an investor and investor-agent in North Jersey. I attend the foreclosure auctions for Bergen County and Essex County weekly, and I have not seen much of an increase in foreclosures making their way to auction, at least up around these parts. Nationally, the % of delinquencies/foreclosures is still much lower than it was pre-pandemic as well.

@Brian Caulfield Like others have stated, it's definitely harder to find BRRRR deals right now because of the high interest rates and very competitive over-asking price offers in North Jersey, especially with on-market properites. You'd want to focus more on off-market properties to have a bigger margin to make BRRRR work (same goes for flips).