Hi BP members, I'm a newbie looking at Multi Family in Rahway, NJ near the train stations. There are couple of houses on sale there - Just wondering if there are investors / landlords from the area who can share their experience. Is it an ok place for newbie to start. Is it relatively easy to rent there. Just general guidance will be appreciated. The houses are from 200K to 250K (2 family units and rent seem to be avg 1100 per unit)
The properties will require some TLC
Not sure about specifics of renters, but be aware that large parts of Rahway are in a flood zone. Make sure you check out if a property is in a flood zone and ask what they are paying in flood insurance. It could be a big profit killer.
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