All Forum Posts by: Paul Camuto

Hi, it seems that there are a lot of individuals that struggle to find the right investment property. For those looking to buy and hold without the renovation, outside of the turnkey sites like roof stock, is there a site for NJ that specializes in providing properties that are ready to be rented with metrics showing your potential return? Do you think something like this would be beneficial? Properties that are available for sale would be hand-selected and all the prospective metrics provided on cap rate, cash flow, etc. would be provided. The company would help with the sale, lease, and even potentially property management.

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Starting tomorrow for 1 day the ebook will be available for free on amazon.

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LLCs are good for business checking accounts to organize and separate expenses and income. They do cost money on annual basis so keep that in mind.

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What are the best areas (good schools, quality tenants) to invest out of state. Minimum 2 bed, under 75K. No work, updated properties.

I have heard Jacksonville, Fayetteville, Indianapolis. Anywhere else?

Respond with specifics such as cash flow and cap rate received from places so we can rate.

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What area is the safest investment and most likely to succeed for buy and hold? Reducing risk is a unit in a good area that is updated. What area has the lowest price for the nicest place for the highest rent?

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Hi Nicole, I am from NJ as well. What did you find? Did you ever do anything?

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This site didn't work.

Best area defined as great neighborhood for lowest price and highest rent. After repair value, not for fix or flip.

Just jacksonville?

Originally posted by @Jerry Padilla:

@Amy Fuller

Check out turnkey-reviews.com

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No one has answered the question. What is the best area defined as lowest price with overall good location for quality tenants producing the highest rent? Just Jacksonville? I have read in other posts for Cordova, Bartlett and East Memphis. Fayetteville. Southaven and Olive Branch. Is there a poll or ranking, who thinks they have the best area?

I can get My Laurel, NJ for 135K, 1450 rent, about 7.5% cap rate.

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Yes

Originally posted by @Alex Huang:

Originally posted by @Paul Camuto:

Try to get the lowest deposit down like $1K. You can always get your inspection regardless of property type. It is just a question if someone will fix it or not. I actually will change retail deals to as-is to negotiate and provide a difference between myself and other buyers to the seller. You will get comfortable not doing an inspection and saving the money, obviously depending upon the quality of home you buy.

Happy to help explain more, send me a message if you have more questions.

Thanks.

So if I find some things I want fixed, and the seller refuses, then I am entitled to walk and get my earnest money back right?

Yes just make sure the contract has the language.

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All Forum Posts by: Paul Camuto

Paul Camuto has started 12 posts and replied 170 times.

Post: Curated Handpicked Investment Properties in NJ?

Post: Curated Handpicked Investment Properties in NJ?

Post: Excellent RE Investing Book By Mr. Paul Camuto!

Post: When is the right time to create an LLC?

Post: Best Updated Turnkey Condo Area Under 75K

Post: Best Cities for Turnkey investments

Post: Best markets for turnkey investing

Post: Best turnkey market

Post: Best turnkey market location?

Post: Newbie Question on Offers, Earnest, etc.