All Forum Posts by: Bethany Weinmann

@Adam Anderson would love to talk! Where do you invest in NJ?

Hi everyone!! I've been listening to podcasts non stop, flipping through forums, and scouring the mls day after day. I want to begin my investing journey by purchasing a small multifamily in Northern NJ and house-hacking for a short period of time until I can complete the BRRR process and move on to the next property. I would be able to invest anywhere from Elizabeth, NJ and north (because of my work commute). I currently have a home in Haskell that i owe $189,000 on and would appraise for somewhere around $260,000. I am still paying PMI on my home (bought for $212,000).

My idea is to refinance to remove PMI. At that point, would it be smarter to cash out refinance or get a HELOC to get some cash to invest in a small multifamily?

I would love to connect with local brokers so I can get a good idea of my options and what would work best for me.  Also, I would love to be able to help out any other investors by running numbers or anything else they need so I can gain some experience!

Any advice/connections would be very appreciated! Thanks everyone :)

Hi! I'm Beth! New to investing but really would like to start off with a MDU (live in one, rent the other(s)).  Is there any areas in NJ that are better than others? (I'm in Northern - Passaic, Bergen, Morris, even Union).  Any pointers from seasoned investors? Thanks :)

Does anyone know of any good Real estate investor groups in the northern nj area?  

@John CohenThat would be great! I would love to hear some of your stories and how you got started!  

@Tom Molethanks so much for your guidance!  I can't wait to start my network!  I will be listening to podcasts and going on forums faithfully!  

I decided I want to go into real estate investing when I realized that even though I was making great money at my 9-5 I was going to have to work until I dropped dead! I want my money to work for me not the other way around.  Its tough out here! Especially in NJ (and I'm sure CA as well!).  

Great starting point recommendations and some great reading and listening I will have to catch up on on my days off and nights!  

That's great advice! Thanks @Rob Brautigam!  I will be looking into both of those options!  I have very minimal money to put down so I am hoping to put down as little as possible so as not to stall my investments!  

 Thanks John!  I would love to see it!  I see you have a ton of experience! Do you have any properties in NJ?  How did you finance your deals when you first started?  

Thanks Ryan!  I am hoping for a multifamily as well! Would love to live in part of a multi family, rent out the other part, and put my current place up for rent!  Where to start where to start! 

Oh and I forgot to mention I am in northern NJ!