All Forum Posts by: Stu Basham

Hi @Mark McDonnell. We live in the Journal Square section of Jersey City and many people might disagree but I don't want to raise my future kids in that neighborhood at all. We live just fine house hacking there but I would look at the suburbs close to NJ Transit like Montclair or Bloomfield to house hack and raise a family. There's decently priced housing (depending on what you think is reasonable) that you can get with an FHA loan and house hack.

Best of luck!

Hey @Danny Victor. Welcome to the community. There's a lot of great people here in Jersey City and a few meetups here and there which are great.

@Account Closed when you're talking about doing the BRRR strategy but buying at 80 - 85% ARV are you talking about leaving some money in the deal after you refinance cause most banks will only refinance for 75% ARV. Just curious how you approach that?

@Joe Splitrock that is an amazing response! Thanks for sharing your wisdom. I love your answer of saying yes and adding it'll cost an extra $100 per month as it certainly isn't free.

@Nathan Roberts good luck on the deal. You can PM (Private Message) someone from their profile page. Click send message or click connect or something and you can write them a message.

When replying to someone type @ then start to type their name. Then people will appear and select the person you want to reply to.

I'm following this discussion. Best of luck!

@John Krauklis I love your enthusiasm with this project. It's infectious! Keep us posted on all the progress and if I'm in St. Louis anytime soon I know where I'm getting a beer!

@Michael Noto these posts are amazing. Thanks for sharing so much. I'm curious about your contractors. Do you employ them in house or contract them out? Do you keep them busy enough where you are a priority for them?

Got it. Thanks for the info.

@Joe Splitrock do boarding house rules take effect after 3 non related adults or does the process start when you rent by the room? Props to you for staying above board and focusing on safety/liability.

Great job @Mike Lauer. Very motivational and congrats on the next offer being accepted. Keep us posted on progress of those deals too!