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Updated over 8 years ago on . Most recent reply

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Joe Fromo
  • Wholesaler
  • Brooklyn, NY
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Newark NJ: is investing for rent in the 100 to 200 on S10 safe?

Joe Fromo
  • Wholesaler
  • Brooklyn, NY
Posted

i  have a duplex i am looking on for 100K after repairs in the area of the 100 to 200 on S10 

the numbers are great , 

i want to know whats the real vacancy rate there ?

and if it get fixed up to a top condition will i be able to have great tenenets there ?

all together worth the risk or not ?

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Ray Reed
  • Investor
  • Linden, NJ
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Ray Reed
  • Investor
  • Linden, NJ
Replied

Your best bet is to go there on an evening and see how the block looks then. in a way you are fortunate because these are the summer months and you can get a good feel of what goes on around that house. if you see a lot of hanging around on porches or a house with a lot of traffic (foot and car), proceed with caution.  If the block seems relatively quiet without much loitering, you may have a place where you can attract good tenants.  you can rent practically anything if it is priced right. 

How many bedrooms are in each unit?  are the utilities seperate? what are the taxes?

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