All Forum Posts by: Vijay Jacob

Looking forward to it! 

@Rebecca LeBrun - I am in the process of converting a 2-unit to a 3-unit home in the west side neighborhood of Jersey City. I plan for the 3rd unity to be fully rehabbed and the property available for sale/lease option slightly under that 400K mark. The other 2 units bring in a total of $2840/- in rent with scope to raise another $300 to current market rents. The 3rd unit (large 1 bed/1 ba) when complete is expected to rent for $1175 (or $1300 if section 8). If you are able to postpone your purchase to around Feb next year, we could work out something. Based on the current numbers you should be able to live close-to-free if you do your own property management (which costs me $200 monthly) or for under $400/month while you occupy the 3rd unit and then rent it out for $1175-$1300 once you move on to your next investment giving you an approx cashflow of $700+. You could purchase using an FHA loan which allows you to only put down 3.5% of the purchase price which is available as long as you can occupy the 3rd unit for a period of at least 6-12 months based on the lender. Message me if you're interested and want to know more.

Great post , @Jerry Padilla!

Hi BP Folks,

I'm looking to connect with local experienced and trustworthy agents or wholesalers in the Forest Hills/Jackson Heights areas in Queens, NY. 

Looking to buy a 1-4 unit property in this area soon. 

Appreciate any suggestions and look forward to connecting!

Thanks,

- Vijay Jacob

Hi David,

Welcome to BP! Good to know there are others starting out too. 

The Bronx Real Estate network is having a meetup next Thursday and its a good place to network. I'll be there. 

http://www.meetup.com/The-Bronx-Real-Estate-Networ...

Wish you all the best.

Regards,

Vijay

Hi,

I'm looking to build my team and wanted to check with the New York, NY community if anyone had good real estate attorneys in this area that was experienced in Land-lording for the buy&hold investor?

Thanks,

Vijay C. Jacob

Hello Folks!

I'm new to the Bigger pockets community. By day I work for an investment firm and and by night i'm looking to indulge myself into the Real estate scene. Would love to meet other similar minded Investors in the area! I'm looking out for a mentor to help out with my time - so please msg me if you think I'd be of help!

Cheers,

Vijay Jacob

Very inspiring @Pavs Doychev. Keep up the good work! 

- Vijay

Vijay Jacob Partner, Javian Travels Mobile: 631-830-5503 [email protected] | www.javiantravels.com