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Showing posts with label #Njcommunities. Show all posts
Showing posts with label #Njcommunities. Show all posts

Saturday, March 14, 2015

Renting a house under Section 8

I have noticed that for whatever reason, houses for sale in Paterson are relatively cheap compared to some areas in NJ. You may find a house in Paterson for around 80k. Compared to some areas in NJ , as for example Passaic houses go up to 300K. 
You can get the house with 20% down ,with good credit. List it under section 8, that is a federal government’s primary program to provide housing for Americans who are living in poverty, as well as the elderly and disabled. Section 8 pays a percentage of the tenants rent, meaning that every month you shall get that check from the government in your bank account. Pay the mortgage and insurance by renting the property, and in the long-run even make profit and create a passive income. Surprisingly it doesn't seem to be hard to enroll your property for the Housing Choice Vouchers Program. You can just go to gosection8.com, create a landlord account and just list your property. After meeting regular health and safety standards and some other simple procedures. Pay the mortgage and insurance by renting the property. In a year or 2, if everything goes well, you should start seeing a steady stream of profit. From my perspective, this should be a great investment because Paterson is a high rent area, that goes up to 1.5k a month. However, in some areas in P.a (specially in the southeast of the state) you can find many houses for under 100k, even as low as 30k. Houses in P.a are cheaper than in NJ, but another component to notice is that even tho the houses in Pa are cheaper, the rent is also cheaper. So if you're intending to do the same investment as in Paterson, even tho you're ultimately going to pay less for a property, the stream of money probably wont be as much as in NJ.

Wednesday, February 25, 2015

My life in Passaic

I've been living in Passaic for about 10 years now. Is pretty amazing seeing how the community changes over time. When i was younger the environment was a lot brighter and less shady than it is now. You would see people hanging out in their porch or in the park even in a parking lot, just chilling and enjoying the company. In few words, it was truly a community. Now this city is more divided than ever; this community is now composed of many cliques that all they do is mostly talk shit on social networks & spread negativity. Some people notice this & decide to strand off & be alone or keep a close circle of family & childhood friends. 
I've also seen how dealers and gang members have become more teen based. I see more and more little kids being pushed to the streets. Most of this people were my friends, people i grew up with, people i still consider my friends just went a different path than the one i chose. Regardless of what i find out of the messed up things i hear them say or do, i refuse to believe this people are bad. I believe everyone is good at heart,  but we're the product of our environment. How are we to expect this generation to do good when all they're exposed to is drugs, crime & violence? Most of this kids are just lost and confused, money hungry but with no opportunity to be productive; so they turn to the streets for comfort & a sense of unity that this community has seemed to lost a long time ago.
It saddens me to see my city this way. No one here to help. No one seems to care. Well I care. & if I'm the only one, then so be it. But I'm willing to bet I'm not. Some day I'll find a way to help everyone. & i won't give up or lose my ideals. From the bottom of my heart, i vow to this.