How does urban redevelopment help buy rent and hold strategist
Hi,
I'm interested in buying duplexes in my area for cash flow , hold, and appreciate .
Im open to other types of investing but that's where I chose to stArt
Background: in New Jersey there are tons and tons of areas re developing (jersey city , New Brunswick , Newark, keasby , Woodbridge , Perth amboy etc). Developers are putting in the large ones hundreds of units and smaller maybe dozens in several new apartment buildings.
Question: based on my investment strategy listed above
A. Would that help areas that I am targeting to boost median rent , or would it hurt because it's adding inventory and raising prices on real estate
B how does one capitalize on these large commercial deals?
Thanks
Jeremy