All Forum Posts by: Tristian Cox

@harris lee

@Harris Lee any updates ?

@Nate Sanow Thanks! I had a few guys reach out to me on BP who are active in these markets. I am just having hesitation because I have never done this before. 

Good Afternoon, 

Tristian Cox  here from NJ. I am sitting on some refi funds and want to dabble my feet in out of state investing. I have two markets that I am considering but my biggest question is how do you even start this process. I have had a few people reach out to me from those markets. I see that that are actively doing deals. I guess my biggest question is how do you get started? Step 1: Go out there and drive around check out neighborhoods. I guess the reason why I am so hesitant is that I feel like how do I know these people from a can of paint. How do you build trustworthy relationships when you are in a different state? IDK...haha 

My personal goal is to replace my current income and make 10,000 a month in real estate. Where do I begin? I have a good paying job in education but I want to get to the point where I don't need my job to live well. Any advice welcome!

@Clay Boykin are you active in the Columbus, Ohio market and have the pulse on multis?

@shawn 

@Shawn Mcenteer my situation is a little complicated lol.. basically my wife doesn't want to house hack any more. I would love to pick up another multi in NJ like a four family, but she wants a four bedroom house. Problem as you know NJ is sky high right now. I dont want to kill my DTI with buying a 6-700K 4 BDR house.. sighs!

Good Morning, 

I am married and have a two year old kid. My wife and I are both employed with 6 figure jobs. I bought a two family for 185K in 2016. I house hacked and lived in it for the past 5 years (thank you BP) lol. That strategy has changed my life. The house is now worth 350-400K. I am thinking about pulling out the equity. My wife wants to buy a 4 BDR house (I live in NJ) which is sky high right now. Long story short, I would like to take some of the cash and grab an out of state multifamily. Does anyone have suggestions where I can purchase an out of state multifamily for less than 100K. I am looking to invest out of state because the prices in NJ are insane. Also if anyone has any general adult advice for someone to make smart decisions with investing lol I am open to that as well lol 

Thanks @Nicholas Covington this is year 2 for me as a landlord and one of my better tenants is moving out. I loved them because they kept the place clean and paid on time! I want to get another good tenant in there so I am attempting to be diligent.

Is it legal to ask for bank statements for prospective tenants in NJ?

I did a walk through in the beginning of their lease and have that information. I am going to do the walk through but wanted to make sure I wasn't missing anything besides walk through. I was also confused on how the process works. So they basically vacate the property in its entirety and I do a walk through make sure the place is good, and then issue their SD back to them.