All Forum Posts by: Allan Szlafrok

I think Newark is the next great opportunity ive been investing thee for years but theres finally been interest from developers and larger investors in the last 2 years id say. Theres still time to get in but prices for investment grade properties have shot up in the last year.

Check out Realprotect they have a great program for investment properties especially if you have more than one. Any old insurance broker can help you as long as he/she isn't pegged to one firm like Allstate or someone like that. They need to shop for surplus lines type of insurance but most food independent brokers can help you.

He's a broker that may be able to help you. Google his firm it's BLVD realty

My friend Kamran Mirza can help you hes with BLVD Realty in Jersey City

I know quite a bit you can DM me

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.

The area near weequahic isnt very good but properties can be bought for fairly cheap relative to the rest of the city. There are also of of big nice houses there that can be turned into moneymakers. That being said crime will be  a big problem over there so if you buy make sure you secure your property tight and dont expect to get tenants who pay on time. Thats my experience from investing in the area. Its high risk high reward i would say assuming you can get cheap properties and good tenants.

Theres a whole bunch look on meetup.com on try a few searches on facebook

Hey just joined the group. Im an experienced investor in Newark. Looking forward to the meetups.

Hi im an experienced investor in newark. Would love to connect and see what we can do.