All Forum Posts by: Michael Fucillo

Hello BP! I am just looking to get some background info on Tobyhanna, PA. What type of population lives there. Crime info? Areas to stay away from/look in? If there is anyone who has SFR here what is your vacancy rate? Rental rate (please include stats for home so I can compare)? Also any general info you can provide is greatly appreciated. I was recently presented with an opportunity in this area, but I am from NJ and do not know anything about PA. The deal is appealing because the price point is more within reach than what is available here in NJ. Thanks in advance.

Wow Thank You for all the great responses!  I think maybe I should clarify, when I said 50 - 100k cash outlay I meant for a down payment  plus and initial costs, closing, rehab etc.   

That aside I will look into Cleveland and the other cities mentioned.  After running some numbers I will post back here to see if you guys agree on what I have found.

Hello Bigger Pockets! I am a new investor in NJ ready to get started! I have been educating myself for the past year or so by reading books, listening to podcasts, and talking to colleagues/friends about their experiences. Also, I rehabbed my home doing just about all of the work myself. Bigger pockets has been an incredible resource thus far and I am excited to join the community by asking questions and contribute wherever I can. So here I go!

I would like to know what areas people are investing in for buy and hold in 2018. After reading “Long Distance Real Estate Investing” by David Greene I am ready to begin investing in any market where the deals make sense for the type of investing I am interested in. Here are the details:

Would like to buy a four plex

Ok if it needs some work on the surface and finishes (especially if it will add a significant value)

My most strict criteria is that it has to be in a good area, with good schools/jobs to attract good tenants. I have no interest in being a slumlord.

ROI above 10%, $100- $200 / door cash flow (note: I will use a property management company)

Less than $100k cash outlay, preferably $50k for my first one

This strategy is very appealing to me.

https://www.biggerpockets.com/renewsblog/plan-to-make-a-million/?utm_source=newsletter

I may want to speed it up a bit but I like the idea of “trading up.”

I recently did a rehab on my own house and found that most of the cabinet “depots” that advertise wholesale prices are actually selling the same few brands of cabinets. We ended up getting the cabinets from luxcraft cabinets on rt 23 in Pompton Plains. The brand of cabinet we went with was fabuwood, but they have ones that are cheaper or more expensive depending on how well the cabinets are built and your budget. We ended up at Luxcraft because the person who helped us, Nick, was very transparent and willing to work with us to find the best cabinets for our budget.