New Jersey rental areas
Hello BP community I was wondering what towns/cities are best for multi family rental units.... new to investing looking for passive income rolling in thank you so much
Most Popular Reply
@Michael Grasso - I m currently investing in Rentals in Trenton NJ. The prices are good, the rents are strong, and mercer county eviction process is very fair. With the current investments going into the city, I have hope, but it is more of a cash flow game then an appreciation game there now, although I do see the prices creeping up. The BRRR Strategy that @Vincent Priore talks about is a great tool, and something to learn as much about as you can as you build your wealth. Because of this strategy we look at shooting for being all in (Purchase and Rehab) at 75% of appraised value.
Good Luck!
Stephen Chatto