I am also interested in Newark but yes the areas are quite different block to block. I have been calling around and spoke to a few property managers that they currently work in and was given these areas:
07101, 07102, 07104, 07105, 07108, 07112, 07114, 07175,07184, 07188, 07191, 07192, 07193, 07195, 07198, 07199 (but there are still area's within this zips that are best to stay out of)
Almost impossible to get good deals in the east ward these days. North is tough but still possible thats where i own most my stuff. Theres still some crime there but its not nearly as violent as the west and south wards so youll find tenants looking for a quiet and affordable place to live with their families
Does anyone in this thread have experience flipping in Weequahic? I'm vetting a few opportunities in the area and would like to get a better understanding of who the post reno buyers are down there. Families? Rental owners?
Have not had any experience with that location. Price points are good for purchase but population and income trends make me think that it is better to rent than flip.