All Forum Posts by: Kevin Manafi

Hey @Simon Klein, welcome to the BiggerPockets community! I'm an investor and investor-agent based in Northern NJ. Looking forward to connecting!

@Jorge Pimienta Anytime you can negotiate a seller financing deal (especially with the higher interest rate environment we're in now), that's a win for you as it'll likely end up being a good deal cheaper and costing you less out of pocket, less documentation, etc.

If that's not an option, and you plan to flip the property, then you should look into hard-money loans. If you are leaning towards keeping the property, then I'd look into DSCR loans (rental property loans backed by the projected income of the property).

@TJ Giudice Total Actual Rent sounds like it is the total rent roll for the building, not per unit.

Hi @Fahadbin Alam,

They're both very similar e-Signature products. I've used both for over a year each, and I can say personally I like DocuSign a lot more. I find it to be more organized, functional, and professional looking than DotLoop. With that said, you can't really go wrong with either. They both get the job done.

@Cole Allen Impossible to say without seeing it, but foundation issues should definitely always put you on high alert. They aren't always serious, but definitely something worth looking into as real foundation issues can cost a ton to fix. I'm not a contractor, but in my experience it's usually about the width of the crack in addition to the length, how many spots along a wall there is cracking, etc.

If you're serious about the property, I'd recommend trying to have a contractor walk the property with you. If not, take a few pics of the cracks and try to show them to a contractor that's willing to discuss.

I think this will be the most common answer, but I find it to be true...contractors. It just takes time, experience, and reps to find a reliable and reputable contractor that you can trust and also have a good working rapport with.

@Lucion Pennant New Jersey is a great place to invest in all different types of real estate, and apartment complexes are no different! In terms of being landlord-friendly or not---it really depends on the specific city/municipality. Every state and city really differs, but speaking from personal experience, neither myself nor my clients who have invested in rental properties in Northern NJ have had any issues. 

Hey @Dominic Pizzi,

Welcome to the BiggerPockets community! I'm an investor and investor-agent based in Bergen County and covering most of North Jersey. Happy to connect!

Hey @Adam Bijou,

Welcome to the BiggerPockets community and congrats on getting your real estate investing career kicked off! I'm an investor and investor-agent based in Northern NJ. Happy to connect!

Hi @Robert Flores,

Easiest way to do this is by working with a real estate agent if you are not already. Your agent should have the local market knowledge to know which properties are at, above, or below market value; if they don't know off the top of their heads, they have the ability to run comps for you ("comps" are comparable properties similar to the one you are looking at). As you become more familiar with real estate, you will also learn how to run comps so that you can quickly and easily determine a property's market value. Since you don't have MLS access, you can use sites like Zillow, Realtor.com, Redfin, etc. and search for comparable properties to the one you are looking at that sold in the last 3-6 months with a similar layout, bed/bath count, sq. footage, etc.