All Forum Posts by: Olga Roginkin

Is the house listed?  if it is you can ask any of your favorite agents to give you more info on it/

Hi @Richard Licon, I am an agent with Keller Williams here in North NJ. I think KW is a great company, for both new and experienced agents. KW knows that many agents like to work with investors and they help you with that.

The most important advantage of being part of the KW system is having access to the enormous amount of training they offer. Trining will propel you to the strong start in the industry.

One huge benefit to being part of KW is working in a large office. For example, we have more then 300 agents in our office, who freely exchange info and deals all the time.

You probably can tell that I like my company :))

My suggestion is to interview at different brokerages, large and small in your area. The more you meet with hiring managers or brokers, the more understanding you will get of what is important for you, land what to watch out for. I will be happy to put you in contact with team leads of the KW office in your area.

@Patrick Martone, I agree with @Sunny Burns's logic. Yes, Garfield is a good option. Coincidentally it is on the above list!

I would also consider Bayonne (I love Bayonne), and Nutley, Lyndhurst, Rutherford, Rochelle Park. 

@Harry Wilson, what kind of properties are those? SF houses or apartments? Depending on the type, you need an agent or a property manager. Give me an idea of how big they are.

@Derrick K., a lender should be able to help you find the best loan option possible. He will ask you about the extent of the repairs, the condition of the  house and your own situation, and will point you  in the right direction. 

@Derrick K., I can point you in the right direction. I have two lenders who offer 203k loans. Still, you need to qualify for a loan like that, but if you do, it might be a great option. Pm me for more info on such loans and providers.

Another suggestion- before you start your investigation, find out with the agent if the seller is ok with a 203k loan.

And one more note: it is always better to work with your own (buyer's) agent, as he is the one who represents your interests and negotiates for you.

HI, Philippe, 

Welcome to the community!

I am more familiar with the rental situation in North NJ. Generally speaking it is easy to find tenants in NJ. The rental situation is vary favorable for a landlord in towns with great commute and good schools. Remember that some NJ towns are more attractive for families with kids (north Bergen County), while others attract commuters (Seacaucus), while others are great for young families or young professionals. Remember about these soft factors while deciding on a type of property - this would help keep your vacancy rate low and help you find the best most qualified tenants.

@Maxwell Howard, I was talking about towns in Bergen County, especially South Bergen County. Passaic and Essex are worth looking at too. Unfortunately, would need more info to give you a more specific advice. 

I agree with @Jeff Tracy. Looking at NJ Transit maps (trains and buses) is the best strategy to start. Incidentally, convenient commute is important for your sister, and it is equally important for the potential tenants. 

Good schools are another benchmark - areas with good schools are always in demand, which is important for your resale value and stable rents. 

You can find deals in your price range, where schools are rated 7-8, walking distance to train/bus, within commuting distance of 40 min to 1 hour. 

Happy New Year and good luck.

Welcome, @Steve K.! You have a well-defined plan of action, which is great. Having a good knowledge of North NJ market, I can suggest that now is a good time to start looking for an investment property. You will definitely find some great deals during the winter months. Good luck! And have a successful New 2017 Year!

Olga