All Forum Posts by: Nate S.

@Nick Intrieri The more the merrier! it is the holiday season after all. 

I would also be very interested in joining the NJ meetup. lets speak further about this!

@Andrea Coar, thanks. This is absolutely a buy and hold project. I noted that sales have increased but this as you aptly said does not mean there are not deals to be had. I am more than willing to find the right deal rather than jumping in for the sake of jumping in. 

I'm bullish on the gold coast in general and happy to discuss other options. I'll be reaching out directly. Thanks again!

Nate 

@John Errico, thanks. I would be happy to connect over coffee (ill be reaching out directly on that front). 

I understand prices have jumped somewhat in the last year or so. Its a scorching hot sellers market over the river  as i'm sure your aware. Heres hoping the rate hike will cool things down in NJ (frankly I don't think it will do all that much to derail prices in NYC). 

Although I am not completely opposed to renovation I am looking for something a bit more turnkey which I can add value to through non structural improvements. To explain further, I am happy to do a kitchen remodel, much less so to replace a boiler, roof or rewire electric right off the bat. Obviously for the right numbers these things begin to make sense. 

Looking forward to speaking with you further!

Nate 

Good Afternoon everyone, 

My name is Nathan, I am looking to purchase a 2-4 family in Union City NJ. I'm looking to connect with other owners and investors in the area *** well as brokers and salespeople working in the area. 

Any discussion, comments and critiques are certainly welcome. 

I look forward to speaking with all of you. 

Best, 

Nate 

Congrats! Fantastic numbers. I'm sure you'll hold that for a good long while!

Good Evening Everyone, 

I've been listening to the podcast for some time and I felt it was high time to introduce myself. My name is Nathan, I have lived in Manhattan/Brooklyn for 5 years now. I began working in commercial real estate investment sales about 4 months ago. I am lookign for buy and hold properties. ideally turnkey but I have some contacts that could assist in value add if it pencils out well. 

I'm looking to buy my first investment property within the next year (with one equity partner). Because properties in NYC are so very expensive were mainly looking in New Jersey and other markets were familiar with (upstate ny, western mass, Central CT)

It seems from this forum and everything else I've been reading is that the best way to acquire your first property is through an FHA loan where you can put down 3.5% if you occupy the property. This also seems ideal to me because being an out of state landlord for my first property, I can sense a mass of impending issues an inexperienced investor may have issues resolving.

A big question I have about FHA loans is whether they apply to a mixed use property (something with commercial in the ground floor). I read that businesses cannot occupy over 25% of the space but I am unclear whether this only applies to residential units or everything. Any clarity on this would be much appreicated,

In the future I would like to be an out of state/city landlord (as I really don't plan on staying in NYC forever) so any one with experience in this, I would be really grateful to hear what you have to say. 

Last but not least I am interested in the not so niche market of college housing. From what I have read many institutions are willing to work with landlords and properties in many of these areas are quite affordable. All that being said, having been a college kid fairly recently I know that they can be a headache. Any landlords with experience in that I would love to chat with you. 

My ultimate goal is to create streams of passive income, this is as much about the love of the game as it is money. I'm excited to have found this forum and look forward to learning from all of you. 

All the best, 

Nate