All Forum Posts by: Mario Gonzalez

 yeah i am applying for remote roles now but wan to see overall whats the best move to make. i just look back on personalcapital app and I had 

2018 funds to invest 63k

2019 134k

2020 205k 

I could of HH a 2 unit per year its eating me up inside I just left it sitting in cash 

im 29 yr old and living at home with 100k to invest. i want to move out but don't need to. i run my numbers on a HH in NNJ and seem to show neg cash flow around 800 per month once I move out. i plan to put down 15% FHA, I know I can put less down but want to put more down.

i want to aim for a small cash flow after all cost has been covered including CAPEX repairs pm etc.

out of state rental adds extra layers of risk which I'm 50/50 on doing. i can either

1. stay put and invest out of state single fam for Airbnb or LTR. 

2. Buy a 2 unit in bergen or Passaic county and just pay out 800 a month which is less than 1bd apartment rent + cost 2.2k 

3. get a remote job and move to a cheaper state to HH. 

I invest most funds into index funds and retirement accounts. What should I do? i do run numbers on every new home that gets to market and just seems to be 700 to 1200 out of pocket per month. 

i am just trying to buy a place that would make financial sense. 

i make 60k to 90k a year, have no debt, and bills are less than 450 a month. 

 Where in NJ ? Im guessing south jersey no? Im talking about house hacking a primary. NJ for a rental i feel isnt good since the state favors tenants and deals are very hard to find which is why im looking to go out of state for a rental or 2 instead of buying a primary for a house hack in north jersey 

Right now I'm trying to see the pros & cons of investing in NC vs PA 

never been to NC but research shows it's going to have major growth and PA doesn't really but it's closer to me. i wanna buy a single fam turn key in a growing safe area, either buy it in my name or LLC

20% down financing looking for 3 to 6% cocr after 25% PITI to include repairs capex etc

I feel stuck on which to focus, I'm in a long-term investing mind set so trying to see from an OOS investor standpoint which market makes more sense for 1st-time property somewhere further or closer.

NC has more growth but PA doesn't so there is that

 Im hoping so the only concern i have is NC is much further then PA and this would be my 1st real estate deal. So im wondering if closer is better or further 

  I am looking to house hack in northern New Jersey with the goal of cash flow after its fully rented out but i waited too long and i dont see it happening with the current inventory. 

single fam will be for investments only

therefore if i cant house hack to cash flow then buying rental makes more sense 

with rates going up right now cash flow is harder than ever with many buying off appreciation which is speculation and I don't wanna buy focus on that,

I'm looking at NC right now for a single fam with just hoping to get a 3% cocr return if that is doable after PM,Vacancy,CAPEX repairs, etc total 26%.

i like NC because of its growth aspects and pop growth numbers,

using 180k, would it be smart to go ahead ad buy a single fam there hire a PM, and visit it twice a year>?

my market is NJ and spends 4 hours seeing properties with taxes being 14k Avg now a year

my goal is to buy and hold never sell.  only another market I'm willing to buy is PA since is near by that is it tho,

any advice or tips or what to do to make my goal come true?

 hey can you DM me ? i am looking to invest in NC and trying to get a feel for each major area

hello, 

correct me if i am wrong but if your market is too costly investing out of state makes sense if cheaper. 

goals: cash flow 

1. research a market and take a trip there?

2. find a investor agent someone who owns rentals and is a agent & speak with a PM company

3. get pre approved

4. narrow down your list for what you are looking for. 

5. run the numbers and place a offer in

6. once offer accepted, run a inspection and appraisal 

7. visit the area?

wanna make sure i am not missing something, im in NJ and would make sense to look in PA but it is not growing & prop taxes are kind of high too. i never been to NC but everything i have research shows it has a lot of growth to come. 

for those who are out of state investors, have you visited your area before placing the offer or after?

@Mark Sinclair hey Mark ,thanks for the comment. 

Yeah prop tax here sucks bad. I have been looking for last 3 years for a duplex with a finish basement to see if living in that while renting the both out one unit with family and other out to break even but most duplexes i see does not cash flow even after housing hack. passaic and bergen county. 

what market out of state are you buying in? i plan to use 100k for primary and 95k for investment prop. 

FHA loans have been told wont work but maybe it will. ill give that a shot, i just hate the idea of paying so much in taxes where others are growing faster in other markets. im hoping 195k can get me 2 props maybe 3. i do feel discourage here but this helps and will keep trying