All Forum Posts by: Joe Derillo Jr

I've spent my entire life every summer going down to the jersey shore. Still live in south jersey.  I'm most familiar with seaside heights and south.  Renters will not be an issue during the season in any town walking distance to the beach but here's my opinion on a few areas.  Stay away from seaside. And I love this place. As a kid that's where I grew up going. Wide range in class of renters. ie jersey shore.....not too far off.  Not worth the headaches.  Wildwood would be the same. Although certain areas are getting better.  Long Beach Island and Ocean City are by far the best.  And I know I'm leaving out many more great towns but too many to list. Anywhere you go on LBI is close to the beach. A lot of great restaurants on and off the island. Quaint little shops and fantasy island is fun for the kids. Ocean City is also fantastic. Dry town so it's very family oriented.  The class of renters you want. Once a good reputation is made with a family they'll rent your place for years if not generations. Great beaches and the best part--The boardwalk. Doesn't get much better.  Off season wedding rentals too could generate extra income. If I was purchasing a rental I'd choose either of the two favoring ocean city slightly more.  Hope this helps.  Good luck and enjoy the shore this season!!!!

Hello BP world. I am new to real estate investing. I am interested in buy and hold and possibly an occasional flip. My initial intentions will be part time and see where it takes me. I have a residential construction background but after the most recent housing bust I was forced to pursue a different career. Fortunately I was able to purchase a foreclosure back in on 2011 that I currently live in today.  Still haven't had any offers accepted yet but I know it will happen soon. And thanks to the bp calculators I have stuck to the numbers and have not made any offers with my heart. Although its disappointing and sometimes discouraging  I know eventually a deal will be made. Good luck to everyone out there and keep pursuing your dreams.