All Forum Posts by: Lorena Oliveira
Lorena Oliveira has started 1 posts and replied 2 times.
Post: Invest in a multi family in NJ or out of state?
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@Mike Bonadies thank you so much for all the help Mike! I will definitely take a look at those counties and will let you know if I have any questions! Thank you thank you
Post: Invest in a multi family in NJ or out of state?
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Hi all!
I am currently looking to start investing in real estate. The question is: where? I live in NJ, and wanted to invest here since rents are so high, however so are taxes, and house prices. A few people told me to invest here because rents are high, and vacancy is low.
Other people told me to invest in other markets such as Memphis, Tennessee and hire a management company. I get scared with buying out of state because I won't be able to be seeing the property often... etc. Besides even though the houses in these markets are lower, so is the rent.
My husband works in construction, so buying a house here has the pro that a lot of the renovations he can do himself.
Also, we are supposed to have a recession within the next 12 months. Is buying a house now a good idea? NJ or TN?
Please advise!!