All Forum Posts by: Mark Navarrete

@Amanda Aesho Hello, I would also stay close to home if your starting out. When I purchased my first investment property I was at the mercy of the property manager who was horrible. Three property managers later I was managing the unit myself. I was driving approximately 2.5hrs one way and burning through money with travel expense. Needless to say I made many mistakes and would have researched that market a lot more before making the purchase. Some of the mistakes I made was purchasing to high leaving very little profit margin. The area was not the best and I didn’t consider the vacancy rate. I’m not saying your doomed by investing in other markets but the market your going to know best is the one your familiar with. I hope this helps and happy investing.

@Kyle Josefiak I used a home equity line of credit to purchase my first investment property. This was in 2008 and the rates were really low back then (2.5%). Im not sure what the rate is now but that might be an option.

@Jonathan Curcio Thanks.

@Shawn Mcenteer I'm having some frustrations in determining the ARV on the properties that I'm looking at. I'm solely relying on Zillow, Trulia and Redfin. The issue that I'm seeing on these sites is I'm getting the same values whether single family or multi family. I think I may have to search under sold and sort manually.

@Shawn Mcenteer I'm having some frustrations in determining the ARV on the properties that I'm looking at. I'm solely relying on Zillow, Trulia and Redfin. The issue that I'm seeing on these sites is I'm getting the same values whether single family or multi family. I think I may have to search under sold and sort manually.

Hello @Shawn Mcenteer I'm looking to flix and flip and also to fix and hold multi-family homes for cash flow. I see your rated a pro...I'm just getting started. I'm taking the necessary steps toward finding/building a team. What is your area of expertise? Area you working solely in Essex county? Do you currently have any projects going on? I hope my questions don't seem intrusive but I'm just trying to learn as much as possible.

Hey Tahra,

Thanks for the information. The RESN sounds like exactly what I’m looking for. I look forward to attending tomorrow. Hopefully we can link up. 

Hello,

I’m interested in meeting realtors, hard money lenders, contractors, loan officers and other investors who are active in the West Orange, Orange, East Orange, Union and Montclair markets in NJ. I’m also open to expanding my areas of interest. I look forward to hearing from you all and thanks for reading my post.