All Forum Posts by: Nishil Kothary

@Rob Glasser @Bryan Keating @John Walter

@John Walter

Sorry to join this discussion late but I had almost the exact same requirements as you @Chow Ahmed.

It seems like the property tax + PMI is a killer in new jersey. To cash flow on a 500k + property after paying 1-1.5k in taxes and PMI alone seems challenging. Add in a mortgage, property manager (for the future), CAPEX, maintenance, insurance etc and I have found most properties I have looked at are falling well short of any positive cash flow. Obviously, if I exclude CAPEX and Property management deals Intitaly looks enticing, but from everything I read this would be a foolish way to analyze a property. Most books also discuss appreciation as the "Icing on the cake".

I'm curious to hear from others and see how they found their deals, and what the numbers look like. Feel free to connect or reach out as well!

@Rahul Pat I am in a similar position as you (new investor in central jersey)
and have had similar questions. It seems like when you account for property tax, CAPEX, Insurance, and mortgage on these high prices homes, it is hard to profit off of these deals. Rents do not seem to be rising the way home prices are resulting in low to negative returns. Seems especially difficult for a new investor who has less access to the market.

On a side note, would love to connect further. Feel free to shoot me a message!   

Hi all,

I have posted on here a few times and have met some great people through the forums. I am new to the real estate investing game but am looking to buy my first house hack in Central/North Jersey. 

I am always looking to make new contacts as I continue to expand my network. I would love to hear about people's experiences in RE, while also (hopefully) meeting some great people with who I can collaborate in the future.   

If anyone is interested in connecting, please let me know! I'd be happy to find some time to speak with you. Open to speaking to anyone with any experience level.

Best,

Nish

Hi, 

I am curious as to where people get their city-specific job and unemployment statistics when conducting market analysis. Any useful websites our resources to help with market research would be appreciated.

Thanks!

Hello Bigger Pockets!

I am an aspiring real estate investor looking to build a trusted network. @Brandon Turner recommends in his book starting the whole process with a trusted agent. My question is, does anyone know any agents in NJ that have been helpful to you with investment properties.  

Appreciate all your help!

Best,

Nishil Kothary    

Great thank you. What are the best sources to obtain previously sold properties? Would you advise me to just look on RE websites like Zillow and search for recently sold homes or is it better to get that kind of information from a local real estate agent?

I would also love to take you up on your offer and give you a call @Hugo Alves just to learn a bit more about what you do. 

Sorry @Hugo Alves I should have been more clear. I'm struggling with getting a grip on the market analysis side of a RE Investment. In other words, figuring out if a listed home price is a bargain or not relative to other homes in the area. 

I appreciate your help and response.

Hi,

My name is Nishil Kothary and I am located in NJ. I am looking to buy my first property in the near future but I'm struggling with the deal analysis portion of the project. Does anyone have any tips on how to go about this process? What is a good systematic way to gain practice in this aspect of RE investing? 

If anyone has online work that they would like me to help with in regards to this I would be happy to do so, free of cost. I'm simply trying to improve my skillset in RE Investing.

Thanks for your help in advance

-Nishil 

@David Wrenn Thank you! I will be sure to look them up.