Hi is anyone familiar with Weequahic Newark investing for buy and hold. How is the area?For how much approx. is a 2 family house going for? Any advise?
I have deals in that area
Its possible to get small multi families in the low to mid $100s but they will be complete gut jobs. There isnt really anywhere in the city where you can get those anymore although i remember buying houses for 50k there a few years ago. You wont get the highest paying or best behaved tenants in that area either. Its a risk. You can make good money but you will have a lot of headaches over there.
@Kalmen Goldberger I have a two family on Weequahic Ave that the owner is going to list soon. It's fully rented ... PM me for details if you are interested.