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Updated 7 days ago on . Most recent reply

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Joseph Hanna
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Looking for my first investment property

Joseph Hanna
Posted

I’m 23, currently have zero debt, and am ready to purchase my first rental property here in North Jersey.

But I’ll be real — it’s tough out here. Everything I’ve looked at so far seems nearly impossible to cash flow with today’s prices and rates.

That said, I’m still actively searching for:

✅ Properties with strong rental income

✅ Potential for cash flow (or close to it!)

✅ Multi-family or single-family homes in solid areas

If you know of any off-market deals, opportunities, or just have advice for someone trying to break into real estate investing — let’s connect!

📩 DM me or reach out directly.

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Tim W.
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Tim W.
Replied

I was in a similar spot, so decided to invest outside of NJ. What I learned is that a lot of people will buy non cash flowing properties in these areas and just ride the appreciation. That's risky in my book. 

Think about what areas outside of NJ you may frequent (think work, think extended family etc). There are plenty of areas outside the northeast that will have some CF and will also appreciate 3-6% a year. They may not appreciate at the same level as the northeast, but who knows how sustainable that even is over next 10 years. 

use Bigger Pockets to find other market. I also use and love Bright Investor, which is a tool that breaks down all the metrics to evaluate other locations. 

good luck!

  • Tim W.
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