Looking to buy first time investment property north NJ

[Dave Tab]

Hi!

I am also looking to buy my first investment property now, preferrable in Northern New Jersey. I'm interested in buy and hold property, vs cash flow (given it's NJ AND the current rates!).

I have all the funds at hand for at least one property, yet I'm confused between the various choice options including Jersey City, Newark, Union County, Bayonne, Camden etc. I'm looking to connect with the right real estate investor to help me find the right deal from beginning to end.

I'd love to connect with someone trustworthy, honest, who knows the market, and would be able to guide me step by step until closing, and even finding the right tenants. If you think you have good deals for me to look into, then let's be in touch!

[Shawn Mcenteer]

Hi @Dave Tab buy and hold is smart way to go.  My wife and I started with house hacking.  We took on value add opportunities none of which cashed flowed on day 1, fast forwarding a few years later we have near $2million in equity, multiple businesses financed through our properties and enough cash flow to be financial free full time in real estate.  What I love about new jersey is the equity gains and consistent rent increases.   To date we have collect every single payment of rent across all our properties never missing a single payment in over a decade. This has a lot to do with the strategies we implement and knowing what markets to invest in and stay away from. For example I never show or advise clients to invest in Newark becuase the tenants laws are extremely dangerous for landlords but many of the neighboring towns have the ability to collect very high rents and attract high quality tenants. NJ is very much town to town with investing.