All Forum Posts by: Matthew McAlarney

They will be a lot lower than New Jersey lol. I am currently looking to invest out of state too . From what i've been reading property management will make or break you. Good luck !

What are you looking for as your first investment @Shivam Patel (buy and Holds or flips) ? 

Hello @Andrew D. Hopper welcome to BP! I would suggest sign up for as many webinars on here as you can . They are full of valuable info, and a great place to start your education.

Hello Everyone,. I am from New Jersey,and looking into investing out of state. I have a relative that has moved to the Kansas City area , and i'm trying connect with investors/real estate professionals there. Im reaching out in hopes that you can assist me.Do you know of any reputable realtors, property management companies, wholesalers , and maybe contractors? Any advice you have on certain areas will be greatly appreciated. Any way you can help would be great. Thank you!!

There are A few different ways you can still invest . You can get into wholesaling. There is a lot involved but it is a great way to make money without having to get a loan to buy a house. Private lending would be the best way to fund your investments. Private lenders usually offer lower rates than hard money lenders. You can try to partner with someone on a buy and hold. You can bird dog deals for wholesalers. If you come across a good deal and know other investors that might be interested .Feel free to contact me if you have any other questions, i'd be happy to help.

@Vivek S. I would definitely be interested in learning more about your KC investments. I will send you a PM if you don't mind. I have no problem sharing my experiences in jersey city as well. The cash flow in the neighborhoods your targeting are going to be very slim. Mostly due to higher taxes, and in northern NJ you are going to pay too much for a turn key property. I focus mostly in the lower income areas. (Greenville/Bergen Lafayette)in Jersey City. As @Mike Ventura mentioned most investors are scared away from those areas. If you are concerned about the area, you can always get a property management company. That will cost anywhere from 6-10% of your monthly income ,according to number of properties you have. The cash flow on properties in those areas are well worth the investment. I am ranging from $250-400 a unit  , but i also manage all of my properties. There are a few guidelines i follow when investing in these areas. So far if i stick to that formula I have had no problems . Id be happy to discuss further if you would like to know more. Feel free to PM me.

Hello @Vivek S. I Have a few buy and holds in Jersey City, NJ . I am also interested in investingin SFH out of state . Would love if you can share your experiences so far.

Welcome to BP @Geet Doshi. There is a lot you can learn on here, and it's a great resource to build relationships. One thing i can suggest is try not to get "analysis paralysis" . A lot of new investors try to learn everything about real estate before the start investing. Sometimes you have to just dive in and learn as you go. One of the best ways to learn is from your own experiences. Good luck with all your endeavors. 

Congrats on making the leap! BP is a great resource for new investors . You can build a lot of valuable relationships on here. It is very important to set goals, its a great way to stay motivated. Good luck!!

I am an investor in jersey city , and will be happy to answer any questyions you might have. Welcome to bigger pockets. There is a local RIEA called hudson county funders and flippers where you can network with investors in the area.