Updated about 6 years ago on . Most recent reply
Having Trouble getting Started with Rental properties
Looking for some tips & guidance from anyone who’s got something to say!
I’m living & looking to buy properties in the NJ area. I’d like to purchase a multi family home or multiple apartments to rent out. I had originally locked in on the multi family strategy because I’d have no issue living in one unit for a year & I could put less money down. I’ve had a lot of issues finding properties in this area that will cash flow. Taxes are incredibly high, as well as down payment prices here. Has anyone been successful in this area or similar areas? I’m glad I’ve been disciplined & have not jumped at the first property I could get my hands on, but I’m also a bit frustrated with the whole process so far. I’ve started to considered apartments & duplexes but I’ve had very little luck with those as well.