All Forum Posts by: Patricia Baxter

I've bought 3 properties (9 units total) since last June.  I am now under contract for 2 more (an additional 6 units) closing in April and May.  This is really hard, from a financing perspective.  Pulling together the money for down payments, getting financing, etc.   It has been stressful from time-to-time.  My husband and I both have full time jobs and make good money but we are scraping by, BECAUSE we are putting EVERYTHING into real estate.   A lot of people are telling me I'm moving too fast.  That I should slow down.  I just see it differently, and focus on where we are going to be in 2/3/5 years, if we keep going at this pace.  We are not taking on any personal debt to pursue this journey; we don't have car loans, student loans, or carry credit card balances.  The only debt we take on is mortgage debt and only on properties that are cash flow positive.  Would love to get other perspectives on this.  Is there such a thing as moving too fast in real estate?    

Thank you!! I just talked to her. Very pleasant and she was on it right away! 

Looking for a real estate investor-friendly and responsive insurance agent.  Any recommendations?

Bowman Walker construction. 

What town?

I'm in this situation as well, although I do not have my real estate license.  We own a condo at the shore that is more on the luxury side and we get a really good weekly rental price on AirBnb/VRBO.  For me, this tax is about 13.65% of the nightly rental rate + my cleaning fee.  Its added nearly 1,000 to my weekly rental.   Insane.  I'm considering using a realtor because that bypasses the tax, but I'm just not sure yet.  For you, check out this article, (https://www.chriswhalencpa.com/nj-rentals-subject-to-sales-tax).  This outlines who can use the real estate broker exception.  Let me know what you end up doing.  Very curious   

I so related to this, so thank you.  I read Rich Dad in January 2018, followed by so many books I cannot even count.  I then stopped all contributions to my 401K, cashed out my brokerage account and took out a heloc.  I now have a duplex, and a triplex and actively working on acquiring my third.   Great inspiration.  Thanks for sharing!

I am a new real estate investor focusing on investing in the southern NJ shore towns.  I have a duplex, a triplex and currently negotiating on a fourplex.  Are there any other investors on this forum that invest at the southern NJ shore and/or are there any local meet ups in that area?