Newark, NJ Advice & Redevelopement Plans
I'm looking to invest in a 2- or 3-unit property in Newark, NJ (I live in NYC/Manhattan). My goal is to find a value-add rehab, refinance, and hold for cash flow (15%+ cash on cash return).
Let me know if any of you have advice for Newark.
Also, I started puting together some background on Newark (PDF attached - very rough draft), wanted to share with the forum since some of you might find this useful, in addition to Newark re-development plans. Let me know if you have comments on any of this information also