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All Forum Posts by: Nicholas Minich

Nicholas Minich has started 4 posts and replied 4 times.

Post: Starting out- Have the cash flow/ HELOC

Nicholas MinichPosted
  • Posts 4
  • Votes 2

Hello all

General question/ partnership/mentorship ( appreciated). 26 yr old starting out.

I have a specific loan that is a 30 yr line of credit. With the amount I make currently, I am able to FHA a house by the 3/4th month of the next fiscal year. From that point, I'm able to put down 20% of a (350,000) house - ( including closing costs) every 10 months or so.

Any advice in areas to look or what to look for? I feel I’m in a special scenario and would like to have about 3 properties by the end of 2026. Preferably 4 units per property.

I bought my house in NJ, but looking in the North Eastern Region of PA where I can gross 2k a month on a 4 unit property.

Any advice/guidance is appreciated. I am sure what the “ next steps “ would be AFTER finding the right property. Thank you!

Any success in the real estate market within Monmouth county NJ?


I’m trying to utilize 1% rule and it’s tough with current market 

Post: Monmouth County NJ

Nicholas MinichPosted
  • Posts 4
  • Votes 2

New investor here. 26 with about 100k of cash to either put down to a single or multifamily house. 

From PA, my biggest challenge is using the 1% in these areas of Monmouth county. All home prices are extremely high. 

Would love to be able to secure a multifamily and live on one side. Want to make sure it’s possible from my end. Any recommendations on what approach to take when looking at these homes? And should I follow the 1% rule to see if homes are even worth it( only because house prices are very high)

Post: How does Refinancing work?

Nicholas MinichPosted
  • Posts 4
  • Votes 2

I am gathering research in order to start investing in rental properties. I’m 22 and have saved plenty of money to start investing, but before I do I wanna be sure I know exactly what I’m doing. I see people talk about how they refinance their loans and I’m curious to how that all works.