All Forum Posts by: Osama Syed

Hi All, 

Looking for an honest, reliable contractor who can work on a property in Easton PA. Property is fire damaged and requires a full gut. 

Please send recommendations, and if accepts Credit Cards for payment even better.

Thanks!

I am looking at a property that currently has tenants. This is a MFH with 2 Units. I plan on living in one of the units. 

Does anyone have experience with evicting tenants after purchasing a MFH and based on a quick google search I read up that in NJ as long as I plan to live in the MFH I can evict without reason, apart from that the NJ eviction moratorium is set to expire Jan 1 2022. 

Is there anything else I should keep in mind before pursuing this property?

I'm looking to purchase a duplex to house hack in the CNJ area. Would maybe consider a little south as well. Seems tough to find a deal on the MLS. I know the saying goes you make when you buy, but I'm so confused as to how I can find off market deals.

Would love to hear some tips on how I can get started and learn from everyone’s experience!

Hi All,

I'm looking for a trustworthy and reliable general contractor who is investor friendly in the South Jersey area near Gloucester Township/ Pine Hill area. Hoping to get recommendations from folks here who can vouch for the work.

Thanks

Hi @Joe Martella thanks for responding. Do you pay contractors to look at a property before you purchase? How do you go about estimating rehab costs? 

@Account Closed would it be wise to tie up 75k in a property and have to start saving all over again for the next property in your opinion? What benefit do you feel house hacking has over BRRRR

@Shawn Mcenteer Can you please explain how that works? Is there still money left in the deal? Would really appreciate a sample deal with numbers to fully understand.

thanks!

Hi All,

I live in CNJ and currently rent. Exploring my option for when my lease ends early 2022.

Option A: 

BRRRR (in or out of state) while continuing to rent in CNJ. Would like to find a BRRRR project with total all in of around 75k or less.

Option B: 

House Hack a duplex with FHA loan. I would like to stay in the CNJ area where duplexes are hard to find under 400k but am open to moving a little south. Would still like to live in at least a B class area with quality tenants if I have to live next to them for at least a year.

Would appreciate some insight, pros/cons of each one of my options and some areas I should focus on.

Thanks!

@Yonia B. That's awesome to hear that you're able to do your own property management. One advantage of BRRRR is that there will be fewer repairs since the recent rehab. How often have you found yourself attending to tenants needs in let's say a month? Also are you mainly BRRRRing in South Jersey? How have you been able to find your deals if you don't mind me asking.

Hey @Tarek Emam what areas are you looking to BRRRR in?