First investment being a town home or apartment

First investment being a town home or apartment

Egg Harbor Township, NJ · Member since 2016 · 3 posts · 0 votes
Hey guys so I'm looking to purchase a turn key town home in Atlantic county, New Jersey. This would be my first investment property. I just wanted to get everyone's opinion on a town home or apartment being a first investment property.
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  • Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
    9y

    Be sure to watch for and factor in the HOA fees and the rules, which can both change and restrict how many units can be investor owned rentals, among other things?

  • Real Estate Agent · Deptford, NJ · Member since 2016 · 49 posts · 17 votes
    9y

    Hey @Rizwan Khan

    Congrats on deciding to jump into real estate investing! I think either an apartment or town home could be a good investment property, but I always liked town homes a little more. If you need any help feel free to pm me!

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