All Forum Posts by: Sean Guzman

Kevin thank you for your response. I actually just refinanced back in August to start my process in investing. I wanted to utilize the equity in my home for this purpose but didn't necessarily want to use all of it at once. Figured I could use hard money lenders instead to start off and have my funds for security. Based on what I'm learning now I don't see hard money being an option for 1st time investors so I'll have to reconsider my strategy.

Thank you guys for your responses. I will definitely look into some other strategies. Wholesalers could be an avenue to look into.

Thanks again for the tips.

Samir,

Thank you for your response. Moving my family at this point wouldn't work. We've lived in this house for 7 years now and my daughter will be graduating high school in 2020 and my son in 2023. Not really looking to move them into another town or even into another house at this point. After they graduate my wife and I plan on buying another home elsewhere and we can probably work on the house hacking approach then. 

Good luck with your searches in Newark and the Oranges. There are plenty of deals there I'm sure. Keep me updated on any meetups. Thank you for your time.

Abel,

Thank you for the response . I'm 41 yrs old and I'm starting out late in the game. I've been interested in real estate investing for many years now but never got involved due to lack of knowledge and money. I now have some of both so I'm trying to get in now. I have a 18 and 14 year old and own my own home so house hacking wouldn't work for me at this time unfortunately. I think that would've been the ideal way if I started many years ago. I'd like to fix and flip but again the market I'm in is hard to find deals that are cheap enough to make money on that aren't foreclosures. Also from my understanding conventional loans aren't an option on those type of investments so that's why I was thinking of hard money. I'm trying to network now and build relationships so maybe I can get on the right track. I was talking with a Real Estate agent that was supposed to connect me with someone at a bank so I can possibly get notified of some possible foreclosures before they actually go to auction. That hasn't happened yet so I'm not really holding my breath. 

Again thanks for the feedback and I'd appreciate any connections you may have. 

Hello everyone my name is Sean and I'm still learning everything I can about real estate investing. I live in northern NJ and I'm trying to get into real estate investing but feel like I should start somewhat close to home so I can be fully hands on since this would be my 1st investment. Anybody familiar with the northern NJ market knows that prices are high and I feel can be tough to invest in unless you get a foreclosure or bank owned property? Is that really the case? I'm still trying to navigate my way through these early steps and could use any advice on this topic and also on hard money lenders. Also looking for local meetups that aren't trying to sell you on things but are actually helpful for newbies. Looking forward to your responses and I thank you in advance.

Hello everyone my name is Sean and I'm still learning everything I can about real estate investing. I live in northern NJ and I'm trying to get into real estate investing but feel like I should start somewhat close to home so I can be fully hands on since this would be my 1st investment. Anybody familiar with the northern NJ market knows that prices are high and I feel can be tough to invest in unless you get a foreclosure or bank owned property? Is that really the case? I'm still trying to navigate my way through these early steps and could use any advice on this topic and also on hard money lenders. Also looking for local meetups that aren't trying to sell you on things but are actually helpful for newbies. Looking forward to your responses and I thank you in advance.