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Updated almost 5 years ago on . Most recent reply

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19
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3
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Andrew Malina
  • New York, NY
3
Votes |
19
Posts

want to invest in Newark, NJ

Andrew Malina
  • New York, NY
Posted
hi, so as the title suggests I would like to invest in Newark NJ, I did a lot of research, thinking and number crunching and it seems that Newark wouldn't be so bad to consider. I currently live in Queens, NY, I owe a nice 3 family rental with very good cash flow and want to expand but queens is just to much hustle to reward ratio, especially since I'm not a millionaire... I would love to connect and network with people who work, invest and consider investing in Newark. i would really appreciate if someone could guide to into some great property managers, real estate agents, lawyer and contractors that work specifically in Newark vicinity. I would like to learn anything there is about that local microclimate. I'm thinking to start with a two or three fily house, renovate, rent and hold. I just want to get my foot through the door. I know that some areas are rough but I'm ready to step out of my comfort zone and seek new opportunities. thank you

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162
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102
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Ro Maga
  • Newark, NJ
102
Votes |
162
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Ro Maga
  • Newark, NJ
Replied

“but queens is just to (sic) much hustle to reward ratio”

...and investing in Newark is a walk in the park, right?

Have you visited the areas where you are planning to invest, or does this conversation is all based on looking at numbers on Zillow?

In today’s market, there’s no reward without too much hustle, and the areas with lower entry prices come with added costs and greater hustle requirements. Yes, there are rewards to investing in Newark, but it all comes with tons of work and boots on the ground.

I think people would be more willing to share their resources and social capital to aspiring investors who’ve spent some good amount of time in Newark as a first step in their due diligence. Investing in Newark takes grit.

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