Also, since you'll be managing the properties remotely, building a strong team is important.

If it was me, once you've repaired it and rented it out, refinance or HELCO the building. 

Another thing you should calculate is the after build value.

They say it might be a tear down...who knows...Building in the area is pretty high.

Hi @Anthony Standard & @Lloyd Spencer,I know this is an old thread but I am out of Essex county and manage buildings all over North and Central Jersey.

Just let me know if you're interested and I'll shoot it over to you.I'm a District Manager with Build 2 Rent and licensed Realtor.

The primary purpose is to assist eligible veterans in purchasing, building, repairing, retaining, or adapting a home for personal occupancy.Asset Protection Strategies: If your goal is to protect your assets, there are other strategies you might consider:Insurance: Obtaining adequate insurance coverage, like homeowner's insurance and umbrella policies (as @Greg Scott mentioned), can provide a layer of protection against liabilities.Homestead Exemption: Some states offer a homestead exemption that can protect a portion of your home's value from creditors.Trusts: In some cases, placing the property in a trust can provide asset protection, although this can be complex and requires legal expertise.Legal and Financial Advice: It's crucial to seek advice from legal and financial experts.

As a young investor, you can navigate the market by utilizing creative financing options, diversifying investments, and building knowledge.

Hello, I am new here. I am looking at a a 6 plex around 1.1M. I want to know what kind of loan I should go for assuming everything is check out. I have enough to put 20-30% as a down payment with ~800 credit score. I ...

Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.