Rental Property Investor · Dallas, TX · Member since 2015 · 77 posts · 39 votes
Hi,
I am looking to purchase my first primary residence and am strongly considering a condo in a good area of Newark, NJ (University Heights) as I work in NYC and want a property that could be rented out after a few years of living. While this wouldn't be my top choice of rental properties as an investment, it is the best mix of ratios combined with proximity to Manhattan for a personal residence.
While most of the conversations here are regarding distressed areas of Newark for good rent-to-purchase ratios, I'm looking at more of the middle-class and safer areas and want to see if anyone else has experience in good areas like University Heights or Ironbound. Pros, cons?
Finally, I'm having trouble connecting with property managers in the area. Does anyone have a recommendation for someone in the area?
Hey Michael. Hopefully you were able to get the help you need on your property search. I'm an agent in Newark. My office is located downtown Newark. 2 new condo buildings have just been built on the street of my brokerage ( we have the listings for both properties). Part of our company actually does property management. If you ever have any questions feel free to inbox me.
Hey Michael. Hopefully you were able to get the help you need on your property search. I'm an agent in Newark. My office is located downtown Newark. 2 new condo buildings have just been built on the street of my brokerage ( we have the listings for both properties). Part of our company actually does property management. If you ever have any questions feel free to inbox me.
Hello all, I am a newbie investor looking to find multifamily homes in Newark and would appreciate some advice/guidance on safer areas to invest with potential for upside.
Thank you in advance and looking forward to hearing from you folks!