All Forum Posts by: Mayer M.

Hey all, Wanted to get your thoughts. I’m an investor doing flips and rentals and have thought about getting my Real estate license so I can represent myself on the buy and sell side Look forward to hearing from you guys

I certainly am. I currently have a bunch in southern New Jersey so I’m certainly interested in that area but I’d also like to look at Philadelphia as well.

Hey all, I wanted to see if anyone had a good resource for turnkey investment properties in the Philadelphia market or southern New Jersey. I have quite a few rental properties and Have so far always managed to purchase properties and including rehab be into them for a maximum of 75% to appraised value which allows me to immediately refinance and take every penny out and move onto the next one while maintaining cash flow and 25% equity. Any advice would be helpful. Thank you!

Welcome. I’m in SNJ

David, What Auction.com event? I couldn’t find any upcoming ones Thanks

Hey Steve, I would be looking to do a 1031, after all why pay taxes when you don’t need to. My quest into real estate is a relatively short story. I have owned a transportation company for the past 8 years and About two years ago I thought it would be a wise idea to take a pay cut and make investments into real estate. My goal was to shift into real estate full time and retire from everything except passive income real estate by the age of 45-50, I’m 33 now. I started buying distressed condos a few at a time with cash, fixing them up, refinancing and then repeating the process. Last year I also started doing some small flips. I completed bought and sold 5 flips in 2017 and produced a net income of $77k. The purchase prices of the flips ranged from $50k-$102k. I currently have four flips in the works as well. Honestly, I don’t know if I did well in the flips from a professional flippers perspective. I did like the fact that the flips required minimal investment, risk, and rehab.

Jay, I have only been in real estate for two years....still learning and always will be.

Anthony, I only own 25 the entire complex is comprised of 200 units. HOA does a great job, no assessments in over five years and that assessment was only $1200.00 per unit. I was thinking about listing it with TenX Commercial and I agree 7% cap is attractive

I would say they are B. Market there took a dive but started coming back a couple of years ago. Now there’s a lot of commercial and residential new development.

hey Anthony, I don’t think it will be too difficult to find a buyer for the group and I was also thinking of selling it at a 7% cap.