All Forum Posts by: Patrik Fougere

To my millionaire investors (or successful real estate investors). What's your story? How did you start out? How did you end up achieving your first million dollars?

I'm interested in pursuing foreclosure properties I just need help on what resources I can use to perform my due diligence. Like finding out more about the property,investigating public record, checking current market value, etc. Need some tips on online resources I can use to do "homework" on the properties. Any tips, advice, and/or resources would be greatly appreciated.

@Jacob Malakoff that's the areas I'm looking in as well

There's a couple of good ones Ally bank included. Morgan by Goldman Sach's gives 1.55%. Synchrony bank is also up there around 1.60%. Barclays was dropped to about 1.6% given these tough times. I hope that helps. 

Thanks @Zeke Liston and @Adam Tafel really great advice. @Zeke Liston I'm looking currently in NJ for multi-family properties mainly central jersey. @Adam Tafel, love the advice the idea for me at this point is to buy and hold for a period of time. Ideally being an owner-occupant to start off.   

@James Hamling thanks for clarifying. Still very new to this. I know what a lease option is, just need some clarification on what a C4D is. 

Thanks, @Akil Kariym-Bey and @James Hamling for commenting. @James Hamling my goal is to master the strategies which give me a leg up in the real estate market. As always I'm a firm believer in waying out the pros and the cons of each type of investment. The goal right now for me is to build cash flow which I believe can be done through investing in any type of property. It just seems that multi-family units will assist more in helping me generate continuous cash flow. @Matthew Lopez thanks. 

Buying and Holding to generate cash flow. Ideally, a multi-family unit that I can rent out. A lot of areas in Jersey have high property tax so just trying to find a happy medium. Budget wise 300k and lower ideally. 

Just reviving this thread I'm also looking to invest in Multi-family units in jersey to generate cash flow. In light of this pandemic where is a good place to start? Has the up and coming areas to look changed. Just trying to find traction on where to start and where to look. 

I'm new to real estate investing and ideally, I wanted to start investing in Multi-family units with the intention to generate cash flow. In my location multi-family units are a lot more expensive then I'm really looking to invest. What are some pro's and con's in investing in the multi-family units over the single-family home? With the goal being to generate cash-flow. Buying and flipping may be an option in the future.