All Forum Posts by: Mark J.

Rather than starting a new thread on East Orange, want to try to revitalize this one to see if there's anyone else with other insight into the area.

I've seen a couple of, could-be, buy and hold opportunities in the area.  Based on common comments, similar to the ones above I'm a little hesitant to jumping into the rental market there.  I drove around the area  and the area I'm specifically interested in seems to be fairly quite residential area, but only a couple blocks down are bigger apartment complexes that seem to be run down.

Curious what kind of experience investors have had with buy and holds in East Orange?

Would you discourage new investors with a buy and hold strategy from starting in this market?

Thanks in advance!

@Brian Oen- Thanks Brian!- Will reach out.

@Toby M. -Thanks for the rec! Will follow up with Brittany

@Jenn Barona Thanks Jenn for the info Jenn!  Will message you.

@John Errico Thanks for sharing your experience and insight- it's super enlightening! 

Will have to take your advice and spend more time exploring Newark and surrounding areas.  I drive through it frequently, but mostly just on Broad street, which is usually pretty hectic with pedestrians walking out into the streets, haha.

Yeah, I started looking in Hudson, specifically JC, a couple of years ago, but a little late to the party.  Makes sense to move along the train lines.  I've also looked in south JC (bergen-lafeyett, greenville), which does seem to have some potential left for deals, but difficult to find on decent blocks.

Would be great to hear from other NNJ investors with experience in Newark, EO and surrounding markets and what their take on it is.

Thanks Again!

@John Errico  That's awesome- thanks for taking the time to share your experience!  It makes a lot of sense.

Sounds like you have a pretty flexible strategy and focus on what works at that time in "the cycle" and the area.

Are you investing in the Newark/EO area?  I'm just starting out, so don't want to get into something that is going to be a huge headache and burned out by a negative experience.  Definitely don't want a turn key, but also don't want to get into a major renovation that's way over my head either.

Do you tend to focus on one location or do you search in the broader North Jersey Market?

Encouraging to hear you're still seeing deals out there to be had. I'm mostly searching on the MLS to get a feel for the areas, numbers etc. Hope to start doing direct marketing soon when I've narrowed down my target areas a little more. I've seen a few SFH in the $150K-$200K range that meet the 1% rule, though COC isn't great.

Makes sense on the taxes. 

Will keep searching and getting more familiar with the areas and where there may be opportunities. Thanks again for the insight- it's really helpful!

Hello,

I've been loosely following the real estate market in Gainesville, FL for the 6 months or so. Specifically the market for SFH and small multis with the intention to buy, rent-out and hold.

Does anyone have any recommendations for good agents in the area that have investment knowledge.

Thanks in advance.

Curious if North New Jersey investors are seeing better opportunities in Buy and Holds or Fix and Flips. Looking around it seems there's not many opportunities for multis under 300K other than Newark, East Orange, surrounding area, and rare in those areas. It looks like there may be "value add" opportunities for SFH's under 300K, but mostly further out/west.

Wondering what type of opportunities people are finding, or looking for in North New Jersey. I know it's been said hundreds of times on the boards, but the high purchase prices and taxes make it difficult to get the numbers to work. I know investors are making it work, so curious to hear how people are finding success.

Is it just a higher entry price point to market?

Partnerships?

Major Rehabs?

Appreciation bets?

Thanks in advance for sharing your thoughts.

@Matt Bertsch I see...seems like it's a numbers game.  Best of luck- I'm sure you'll connect with the right seller at some point.

@Yacine Rimmo I'd be interested in hearing about some of the deals you're not able to take advantage of.  I'm looking to enter the Lehigh market and having trouble finding numbers in locations that make sense.  Maybe we could work out some time of finder fee or something similar if you're open to this.

I'm just learning about Direct Marketing....how are you getting your lists online?  Is it accurate?

@Matt Bertsch How did your DM campaign go?

Anyone familiar with the area by N Albany Ave on the Boardwalk side?

@Nicole Alvarado Thanks for starting this thread.  I'm in a similar situation- based in NJ, but have family that would make investing in FL doable.  Also trying to pinpoint a market for entry.

@Darren Sager  Any particular areas you'd recommend right now as potential opportunities in NJ?  I know you're an advocate of following the train lines which makes a lot of sense with manhattan being so close.  I've only been in Jersey City a couple of years and haven't explored too much beyond here, so not too familiar with the surrounding areas.

Any plans for a meet-up in the new year?

Thanks!