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All Forum Posts by: Marcin Ferenc

Marcin Ferenc has started 7 posts and replied 87 times.

Post: New Investor with 0 deals, but hungry to learn.

Marcin FerencPosted
  • Flipper/Rehabber
  • North, NJ
  • Posts 91
  • Votes 23

Where are you located @Bryce Herrera ?

Post: Eviction Lawyer Bergen County

Marcin FerencPosted
  • Flipper/Rehabber
  • North, NJ
  • Posts 91
  • Votes 23

Hi all, does anyone have any recommendations for lawyers in Bergen County NJ who deal with evictions? Also, if you don't mind sharing, what is the typical fee that lawyers charge in these situations? I don't need a lawyer at the moment but just want to make sure I have one when the time comes.

Thank you,

Marcin

Congrats guys!! Good to see the long journey finally over. We are both happy for you and wish you the best with the new property. 

Post: Cash out refinance on investment property

Marcin FerencPosted
  • Flipper/Rehabber
  • North, NJ
  • Posts 91
  • Votes 23

Thank you for the recommendations everyone!

Post: Cash out refinance on investment property

Marcin FerencPosted
  • Flipper/Rehabber
  • North, NJ
  • Posts 91
  • Votes 23

Hi all, does anyone have any recommendations on a lender that does cash out refinancing on investment properties in northern New Jersey. I have one that does 70% of appraised value so I'm wondering if that is typical now or is there a chance to get a little bit more. 

Post: Newbiiee from New Jersey!

Marcin FerencPosted
  • Flipper/Rehabber
  • North, NJ
  • Posts 91
  • Votes 23

Hi @David Choi and welcome to BP! I'm always on the lookout for multi families in Bergen County.

Regards,

Marcin

Post: Newbie from central New Jersey

Marcin FerencPosted
  • Flipper/Rehabber
  • North, NJ
  • Posts 91
  • Votes 23

@Wendy Bykowicz. Welcome to BP!!

Post: My first flip at 26, a woman, ZERO construction skills.

Marcin FerencPosted
  • Flipper/Rehabber
  • North, NJ
  • Posts 91
  • Votes 23

Congratulations - the property looks great.

Hi @Ersi Bice. I am from north jersey as well and its true that properties in good towns here are expensive. What type of property are you looking for, SFH, Multi? What kind of deals are you looking for, flips, rentals, wholesaling? Do you have a town chosen in which you would like to invest in?

Post: I dont own my own home

Marcin FerencPosted
  • Flipper/Rehabber
  • North, NJ
  • Posts 91
  • Votes 23

@William Fritsche. You should not have any issues buying an investment property even if you don't own a primary residence. Just be ready to meet the criteria of a larger down payment and higher interest rates. Otherwise I don't think a bank will care. Do you need a partner of this deal? If you can do it alone I would probably go that route.