All Forum Posts by: Zev Bannett

Hi everyone, 

I'm interested in buying a small place (read: apartment or similar) to live in for the next year, and then to rent it out after that as my first rental.  I'm working in Riverdale, so it needs to be commutable.  I know Riverdale itself is full of Co-ops, making it not a likely option.  Anyone have insight into ideal areas to explore?  I imagine the ideal is to find a place in an area that's high demand for rentals, so I can find tenants easily?  I was thinking maybe Queens, around Queens College, or areas above Riverdale.  I also figured it's best to avoid NJ, because then I'd have to deal with traffic and tolls to get into Riverdale.  Any thoughts?

Thanks for all ideas!

Zev.

Thanks Raymond:-) how do you do that on a smart phone?

Thanks Alex!

@Che Chiu Wong my original neighborhoods are Highland Park/Edison and Bergen County.  I also have family in West Orange.  

Hey Bram, thanks for your response,

For me, the issue with Milwaukee is that it's not a place I know personally.  I'm thinking to learn it, but I live in Israel, with sporadic trips to the U.S, so I'm not sure how realistic it is.  Most of my visits are to NJ because that's where I grew up and lived most of my life, so I figure it's easier to learn those areas that are within driving distance of NJ.  Within NJ the only lower price point areas are Newark and it's surroundings, with attendant crime issues.

Hi everyone,

So here's my question.  I'm new to real estate but I'm coming to the table with experience in stock market value investing.  I'm very attracted to deep value situations, which to me means gross cash flow generation above the 2% mark (to give a general metric).  I also prefer to target the lower end of the middle class type neighborhoods, to avoid bad neighborhood headaches. From what I've been reading, one city which fits these criteria is Milwaukee.  I would love to hear if anyone knows of similar areas/cities that have similar values, especially within a 2-3 hour drive of New Jersey.  I'm interested in targeting a city, spending half a year to a year learning the neighborhoods and economic patterns, then starting to invest there.  I just want to know ahead of time that the city has an abundance of values that fit my criteria (as opposed to the occasional deal), so that's why I'm posting the question.  

Thanks for any and all insights and responses,

Zev Bannett

Hi Altamar,

Sounds good, I'll update you when I find someone.

Thanks,

Zev

Thanks Mark!  The website is excellent, I've been doing lots of reading.  I'm also impressed with the networking side, and especially the sincerity of the other users.  Thanks for your response.

Zev

Hi, 

I'm looking for an investor oriented realtor(s) in northern New Jersey area.  The particular area I'm focusing on is Bergen County.  I would also be interested in recommendations for Springfield NJ area and Highland Park NJ area.  This is my first deal, and I'm looking for all the reliable help I can get.  Any recommendations would be much appreciated.

Thanks,

Zev Bannett

Hi Trevor,

 An awesome intro book is The Millionaire Real Estate Investor by Gary Keller.  Super clear, gives the whole thought framework as well as practical side of the actual investing.  

Good luck!