All Forum Posts by: Shivam Patel

 Hey Brandon, welcome and thanks for the input! North Bergen is a very established area and even though finding renters around here won't be too hard. Making that initial investment would be a lot more expensive than looking for a property in Central or South Jersey.

 I want to focus on buy and hold method. My original idea was to focus in on condos, but quickly realized that the HOAs are fixed costs which I have to pay and isn't in my control. So I'm also looking for a single family home in parallel. In terms of location, ideally I would like it to be around my area, but I'm willing to look further down south. 

@Gary Harris Thanks for reaching out. I saw that you're involved in the NJ area and wanted to know what your experiences was like. What areas in NJ do you suggest that I should start looking in to make my first purchase?

I saw in Voorhees / Stratford there are a lot of affordable housing, mainly condos, that I can make my first purchase in, but I see a lot of debates on whether condos are a good idea or not. Can you weigh on what I should focus on as a beginner?

Thanks!

Thanks guys for the warm welcome:

@Adam Anderson My biggest worry was about the costs of purchasing a property and then fixing it up, so I was mainly focusing on properties that were in good shape, so I can turn it around as soon as possible and starting renting it out. But I've never heard of the BRRR model until now, so I'm looking into it and see where I can go from there. Thanks!

Hello BP,

I'm new to Real Estate Investing but I am aggressively doing research to purchase my first ever property as soon as possible in the Northern / Central / South New Jersey area. 

I overcame BP by subscribing to the podcasts and have been listening to them over a month now. What really got me thinking about real estate investing is when my sister, who is moving to South Jersey for school, was searching for condos to rent. I do realize however that some real estate investors don't really like condos. 

I'm taking advice / suggestions! Lets chat if you do business in the NJ area! I would like to get more involved with new and seasoned investors in my area!

Thank you!

Hello Jack,

I'm just a few minutes old on this site and overcame this post first. I would like to hear more on your experiences in purchasing your first real estate property for passive income. Any advice? What would you consider the best investment for passive income?

Thanks!