All Forum Posts by: Mike Swiss
Mike Swiss has started 1 posts and replied 4 times.
Post: Diary of my first step: Jersey City NJ Multi-Family- No experience, no idea what i'm doing, no regrets
- New York, NY
- Posts 4
- Votes 0
@sunny_sun
nope that wasn't me, I had some pictures of it sent to me and that's about as far as I went with it. I'd love to get in on coffee with you and @Nick Intrieri @John Errico whenever you guys do that.
Post: Diary of my first step: Jersey City NJ Multi-Family- No experience, no idea what i'm doing, no regrets
- New York, NY
- Posts 4
- Votes 0
@sunny_sun
I'm from right up in Hoboken and just starting to get involved in this myself. I think I was looking at the same house around Journal Square, it looks pretty rough and like its gonna need a lot of rehab, but probably a good price for the area especially considering the future appreciation it will be seeing over the next 10 or so years.
Post: Newbie from NJ - Condo evaluation
- New York, NY
- Posts 4
- Votes 0
@Alex Clift and @Account Closed I'm in the same boat, working a 9-5 in the city but would love to meet more like minded people. Anyone know of a meetup or rei group around here?
Post: NJ Protected Tenant
- New York, NY
- Posts 4
- Votes 0
Hey guys sorry if this is the wrong forum, or if this has been posted before.I'm a recent college grad and I am looking at buying a condo, to owner occupy, and then rent out afterwards. i've found a building that's a couple doors down from where i am currently renting that is being transitioned from condo's to apartments, the building looks nice and well taken care of and I am only looking at getting one unit (it's price would put it far below what i would pay for rent for a one bed room in my area).
The problem is they have "protected tenants" in place. I was wondering if anyone knew if i could move the tentants out if i bought the place, or really what the law in general was for protected tenants (is there a difference between this and section 8?). The protected tenant is paying way below market rate (this is in a suburb of NYC so apartments are usually at least $1k per bedroom and the tentant is paying 400 a month, although this is somewhat covered in the cost of the apartment, so if i could get it for the price it's listed (and assuming condo fees aren't astronomical) I could easily see this being a nice place at a cheaper rent, before i eventually rent it out to someone else.
Thanks for your knowledge and again if this is posted or has been covered before sorry!