All Forum Posts by: Diana Tian

 Thank you. I checked it out. it is very pricy. I got a quote for $5k + . 

Hi, does anyone  know the best way to get a list of borrowers struggling/past due/delinquent with their mortgage in New Jersey? Are there vendors selling lists. Also, I remember someone saying that the city tax or Clark’s office may have a list of owners past due on their taxes. Is this list given out to the public, anyone knows?

Thank in advance for your help!

Hi Kapil,

Purchasing a condo with low HOA fees is definitely a good idea from investment perspective . In most area of Jersey city, I would say it is a good idea if you can have a positive cash flow if rent it out. the challenge you might encounter is the low inventory in the village area (it is a very small area). Have you thought about journal square? it has easy access to the city and also enjoys the appreciation of the village area.

I haven't been optimistic about JC heights since I started investing. from the price point, union city is much cheaper, but closer to Manhattan through bus.  from the commute perspective, journal square has Path train and bus station, at the similar price point. obviously I have been wrong as JC heights price has gone up so much. I have been wondering why...........

it could happen that the first appraisal was not done properly because of limited access to the house; or the appraiser requests some repair or some work to be done before a complete valuation. the appraiser has to go back to complete the appraisal. in this case, you could ask the seller to cover the second appraisal cost but in market like downtown jersey city, I am not sure if the seller is willing to pay for it. 

agree with @ kevin hill. it is better to have it delivered vacant as it should be easy to get tenants in place in these areas.

I definitively agree with you on that jersey city still has a long way to go to catch up with Brooklyn. Brooklyn has much more neighborhoods very well developed while in jersey city, besides of downtown, we still dont see that many changes. But the gap will become narrower as more New York / Brooklyn crowd are moving in. I don't think tax abatement is the main driver for Brooklyn growth but the neighborhood gintrification. 

Hi Jennie, in my openion it's a shortage of inventory, there aren't too many 3 bedroom Condos or SFM. And the supply won't increase either in the future. 

The price would continue to appreciate till we hit Brooklyn level prices. The fundemantal drivers behind the appreciation of downtown JC is still intact.

congratulations for your 2nd purchase! i heard a lot stories of building a big successful business in a year or two but in most of cases, it works much slower than that. you could do fix up in New Jersey while having an income until you build up more capital. in this market, it is better to take conservative approach. it is just my personal opinion. I am very risk adverse. this is probably why I am still where I am.....

I assume it is a walk-up brown stone. which floor is it on? most of time, people don't like to climb too many stairs. it also depends on the layout. 

From what i have seen so far, $2500-$2800 without parking. Tenants pay their own utilities but owner pays for water.