Current house:Purchased December 2020, $92,000, owe $81,000, worth $160,000 now2.75% 30-year fixed, total payment $559Could rent for $1500/monthPossible new house purchasing from an acquaintance.

Many states are starting to prohibit wholesaling, so make sure your state isn’t one of those.

Also check out webinars by profit coach, Evernest, Lead Simple, Peter Lohmann, Wolfgang Croskey, and I know there are a few others, but thats a good place to start. 

.- Immediate Cash Flow: If you find a property that needs work, you can start generating rental income sooner than if you were to build from scratch.

Hey everyone,I'm Ricardo from the Netherlands and starting my first investment adventure.

Also, one of the homes can be raised from $1,850 to $2,300 when new owner takes possession. 3 Family House6750003 3 Bedroom ApartmentsApartment 12,205.00$Apartment 2 HUD2,300.00$Apartment 3 HUD1,850.00$Total Rent Expected6,355.00$76,260.00$ExpensesSchool Tax 23-243,460.68$Town and County 20242,222.30$Insurance3,035.51$Lawn & Plow2,400.00$Repairs and Maintenance Furnaces1,231.20$Total known expenses12,349.69$NOI63,910.31$Cap Rate9.47%

Do i need any license if I start my own property management company in New Jersey to manage my investment properties?

Whether you're a seasoned investor or just getting started, finding the right financing can make or break a deal.Would love to hear your experiences, tips, and any questions you might have about securing financing for flips.

. -- A license is not required for:(4) an agent of a licensed real estate broker or of an owner of real estate while managing or leasing that real estate for the real estate broker or owner;Attorney P's interpretation - Therefore, property owners can directly hire non-real estate brokers to manage their rental properties.Attorney P's Recommendations - You can either file as a foreign entity doing business in MD or start a new business in MD.  

I started off as an out of state investor as well.