All Forum Posts by: Suril Dalal

I’ve bought without an agent and the sellers agent acting as a duel agent. It’s definitely feasible. But definitely worth mentioning to the seller and/their agent early on.

You should definitely try to get pre-approved by a couple banks whether they're local, national, ect. Make sure you get a closing cost breakdown from each bank and then negotiate/compare them with the others.

I'm looking at a slightly similar situation. I purchased a condo about a year ago and having been saving up for a second property. Now I'm looking for my next property but I'm not sure if I should go multi-family or maybe a couple turnkeys.

 I have one condo in Robbinsville, NJ. But I'm looking for something to house hack in NJ to get into multi-family. Just trying to find the right deal.

Awesome work! I'm in North Jersey pretty close to Jersey City, and I've always thought about finding a condo to purchase and rent, but never looked into it much because I aways saw incredibly high prices. Judging by this example it looks like you're finding and creating great deals.

We're not too far from each other, welcome to BP! I've found that South Jersey can be a fruitful area to invest, properties / tax is less expensive and theres a greater potential to cashflow day 1. Glad to see a lot of NJ investors buying multis, I'm in the market for one of my own.

Listening to the most recent podcast from BP, it got me thinking about what criteria I should have in mind when looking at potential rental properties. Just off the top of my head, you'd think of the real estate thumb rules, like the 50% rule, the 2% rule, ect. I'd also say the area you're purchasing in, is it a big rental town, what are the avg rental costs for the property you're looking at? Even the costs of fixing things in your potential rental.

What are some things you guys look at? Whats your criteria for NJ?

I agree, it could be a great area to invest in now and hold throughout and after the land development process. The two things that come to mind is the current cost for properties in the area and the growth potential of those property values.

Hey,

I haven't used one specifically, but I did find these around our area from a quick Google: http://www.homeadvisor.com/tloc/Newark-NJ/Asbestos...

Hey Jenn, if you go on meetup.com you'll find some real estate related meetups. I recently found this one in North Jersey: https://www.njreigroup.org/  

I haven't been to a meetup yet but it looks interesting.