Investing in Newark?
First-time investor here, thinking of buying a condo in Newark to rent out. I am contemplating the area around the Broad Street Station and University Heights or a little more east near the waterfront. What are people's thoughts of this area? Or other areas in Newark for someone like myself? I honed in on this area because it is near the train, a Whole Foods is in development ....
I do not want to have to rehab a house, which I have no experience, or get myself in over my head. I want to start off nice and easy with a low maintenance condo that I can buy and hold as a rental property. I was thinking of teaming up with a realtor, basically using the MLS.
Any insights appreciated! Thanks!