All Forum Posts by: Daniel Servdio

Hi All,

I’ve noticed an interesting opportunity regarding 55+ rentals in Ocean County, NJ (Lakewood, Brick, Toms River). The homes in these communities seem to sell for dirt cheap, and comparable rents appear to provide significant cash flow.

I want to buy one of these as my first deal but here are my concerns:

1. Is finding Tenants in the market hard? I’m only 22 so I personally have very minimal experience in these communities.

2. Am I missing something? These seem like a great opportunity knowing that the baby boomers retirement class is growing quickly.

Heyoo! Whats up everyone. I’m pretty new to this but I’ve been studying real estate investing and construction my (short) whole life, I’m 22 years old, I graduated from Penn State a year ago, work my day Job as a construction estimator for a GC who specializes in mid-high apartment buildings.

I’m working on getting my foot in the door to single family / multi-family investing and was looking to make some friends in the business as well.

Would anyone in the area want to meet me for coffee and chat? I’d love to pick the brain of someone with some or any experience locally.

P.S. I can hopefully provide some value to you too with my experience estimating for a pretty reputable construction company as well!!

@Steven Hellinger Ive been around the area before and know its pretty brutal but since this is my first deal I’m trying to weigh out the value of cash flow! I know making the deal in that type of area is easy but managing the property is the screwball.

I recently came across a property in Trenton, NJ that I’d like to make my first deal but has put me into “analysis paralysis”. The duplex is listed at $130,000 and currently has a combined rent of $1750 per month. The tenants are on month to month leases. So as far as I can tell, this property would immediately cash flow. I am starting to get worried that this sounds too good to be true. Can anyone offer any insight on something I may be missing/not considering? Also any insight on signs of appreciation in trenton?