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Updated over 5 years ago on . Most recent reply

Account Closed
  • Jamaica, NY
2
Votes |
11
Posts

Is investing in Newark a good idea?

Account Closed
  • Jamaica, NY
Posted

Has anyone ever invested in newark? Any tips or success stories to share

Most Popular Reply

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37
Posts
14
Votes
Jorge Borges
  • Investor
  • Port St Lucie, FL
14
Votes |
37
Posts
Jorge Borges
  • Investor
  • Port St Lucie, FL
Replied

Trulia crime map is your friend. Once you find a yellow-green area, walk the neighborhood, if you feel safe/comfortable at 3pm, 8pm and 1am (esp. On a nice summer day "more traffic"), you then look at the numbers. Biggerpockets rental calculator can help you with that.

Some of the safer neighborhoods (lower returns): Ironbound, Forest Hills

Some of the riskier neighborhoods (higher returns, on paper atleast): Westside (numbered streets), Weequahic, the Vailsburgs, etc.

I have been in Upper Roseville for 6 yrs and Westside for a yr and a half, its pretty much block by block.

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