All Forum Posts by: Patrick Cadieu

@Jeffrey Donis thank you for the advice!! I'm just staring to see how resourceful this can be and I'm definitely keeping an eye out for any groups or local meet ups in my area. 

@Christene Martin yeah I would love to pass some ideas through you and hear any insight you may have!! My biggest challenge at this time is feeling confident that I found a property worthy of renting and then progressing from there. 

@Alexander Szikla Focusing on SFR just because they're more abundant and I feel like I can ascertain a SFR more easily but I could easily be wrong. I'm always open to different points of view!

@Kimberly Carver yeah thats what my thought process was as well. Im looking to be within an hour drive of the property but maybe a little more if the right deal presents itself. I didn't know there was rules like that but I appreciate the heads up and ill be on the look out! do you have any advice for somebody that trying to kick off their investing career?

@Alexander Szikla I've considered house hacking because of the flexibility of terms that you can get with a primary multi unit dwelling but I've been primarily putting my focus SFR. Never close minded to ideas with regard to multi unit space. I haven't really looked into the Hoboken/ jersey city real estate primarily because I don't know much about the real estate there and have figured that multi units there can be quite expensive. I'm always open to new ideas/ perspectives.

@Jonathan Greene I was looking more outside of the Monmouth county area just because prices tend to be a little high in my area and I think I can get a better bang for my buck outside. I was planning on self managing to gain experience and also cut costs. As far as finding a fixer upper I was mainly looking for a property that is more cosmetic repairs like flooring, carpet, paint...etc. Like you said taking on something major is definitely out of my scope and experience and will be avoiding properties like that for now.  

@Michelangelo Felix same here man, let me know if theres anything I can help you with! Im located in Monmouth county so if you ever need advice in this area don't hesitate to ask!

@Shawn Mcenteer thanks for the response! Im trying to get a feel for the market and where would be a great place to set up a rental for the long haul. I'm not exactly sure where is a hot place for rentals at the moment without it breaking the bank, I know that can be a tall task with the market we are in. Im leaning toward something thats a fixer upper but hesitant because I don't want to get into something that needs a lot more work and I'm in over my head. would appreciate any advice you could lend on this, thanks!!

Hello BP community!! Im a new real estate investor in New Jersey that's really starting to Love the idea of real estate and the different avenues that real estate entails. In specific I've become keen on the idea of long term rentals and I've been position myself to acquire my first property through reading as many books as I can get my hands on, watching podcasts, and saving roughly 30k to get ready for my first purchase. I want to invest in a property in New Jersey so I can handle the property management (at least for now) to save as much of the cash flow as possible and just learn about the process of repairing properties. I would appreciate anyone who has some insight in this market or any advice for someone who's ready to take the first endeavor , thank in advance!