All Forum Posts by: Mark F.

Investment Info:

Single-family residence buy & hold investment in Longwood.

Purchase price: $150,000

Cash invested: $8,000

Sale price: $180,000

Buy and hold with roommates. Bought from a flipper. Had to sell due to career change. Made some money from appreciation. 

Makes sense. Thank you Diana. 

I checked and going back to 2012 it's listed as 100k assessed. So I assume going forward I should be okay? Again the numbers still work. Even if they came in and assessed it at 550k or something I'm still alright.

Thank you Terrance, Jessica and Larry for that info. Great stuff!

Great thanks for that info. I had no idea. 

Union City. Ive never heard of it, what is that if you dont mind me asking? Love to learn! 

Hi guys and gals!

I'm new to the NJ area and looking to get back into RE buy and hold, current AD coastie. I have a vet realtor who's like minded on the buy and hold strategy. Question that I haven't gotten a lot of clear answers on.

Currently looking at a place in Hudson county selling around $500k 4 unit. The property taxes are listed on the listing at just under $7k for 2017 land $75k additions $25k. What is going on here exactly??? I've done the calculations and even appraising it at $12k (2.234% average property tax for Hudson) still puts me cash flowing but still. I'm just curious. I'm definitely brand new to the property tax world as I was a landlord in Florida where property taxes weren't an issues. Thanks for the help!

Mark

Afternoon ladies and gents,

Currently living in NYC area but don't plan on being here for too long. I was a homeowner and ended up being in Orlando years ago and I enjoyed it thoroughly. Joined the military and been traveling since then. I started reading real estate books when I realized I could do alright with house-hacking. Unfortunately my immediate area isn't exactly the most affordable place. Once I get my main job situation figured out and plant roots somewhere, my goal is to own five rental properties  in five years and manage them myself. I love fixing things and am excited to be a landlord again. I'm currently running the gauntlet on real estate books, and the BP ones, and also started listening to the podcast. Although I've got a long way to go as I'm on episode 18! I hope to gain a lot of knowledge from this forum and the community. I'm excited to read up on long distance managing to see if that is a viable option.