NJ Realtors who specialize in investment properties

6 Replies

Anyone know any realtors who specialize in investment properties in northern nj? I read that you need a solid team to get started and have no clue how to best get set up with that team. Any help is much appreciated?

Hiral

@Hiral Lai , hello from Hamilton, NJ! I am a part of the Metro Real Estate Investors Association that meets in Iselin, NJ. You should come and join us for our monthly meetings! Just yesterday, I met with Kenneth Hook there. Kenneth is a realtor covering much of northern NJ who is very investor friendly. I'm sure he'd be happy to hear from you. You can find his contact info by going here: http://www.kenhookrealestate.com/

@Dan Turkel...thanks for the contact information for Kenneth. When is the next meet up and how long does it meet for? I may have to wait till the following one as I recently gave birth, but am using the downtime of when my daughter naps to figure out how I can get started with real estate investing and do as much research as possible. I want to hit the ground running once I am fully recovered.  ( :

@Jonathan Boyle...I don't have a specific market yet. That is part of what I was hoping to research and get an agent's take on. I am not interested in flipping, but instead want to buy and hold properties so that i can rent them out and generate continuous cash flow. Given NJ taxes, I haven't found any deals yet that have been even close to worthwhile. I was hoping to find properties that would meet the 1.5-2% rule, but for NJ, I haven't found anything yet that even meets the 1% rule. So this is why I was hoping to just talk to a few real estate agents that specialize in investment properties and was hoping they can shed some light on what markets would be good. Many people have said Newark to me, but I have been hesitant given the amount of crime. 

@Dan Turkel...thanks for the contact information for Kenneth. When is the next meet up and how long does it meet for? I may have to wait till the following one as I recently gave birth, but am using the downtime of when my daughter naps to figure out how I can get started with real estate investing and do as much research as possible. I want to hit the ground running once I am fully recovered. ( :

@Jonathan Boyle...I don't have a specific market yet. That is part of what I was hoping to research and get an agent's take on. I am not interested in flipping, but instead want to buy and hold properties so that i can rent them out and generate continuous cash flow. Given NJ taxes, I haven't found any deals yet that have been even close to worthwhile. I was hoping to find properties that would meet the 1.5-2% rule, but for NJ, I haven't found anything yet that even meets the 1% rule. So this is why I was hoping to just talk to a few real estate agents that specialize in investment properties and was hoping they can shed some light on what markets would be good. Many people have said Newark to me, but I have been hesitant given the amount of crime.

@Hiral Lai I understand and I would second that newark would definitely be if you want those kinds of returns because of taxes. Unless you're willing to send out letters and do off-market deals. But it all depends on your comfort level. There's something I tell new people all the time when buying, the 80/20 rule. 80% you'll enjoy and there's that 20% you won't whether it's price, location, finishes, etc.

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