All Forum Posts by: Angelo Mart

Stay far away from 07103 Zip Code not for the faint of heart!!!

section 8 is the greatest investment in New Jersey hands down

Alpha Funding. Most reliable hands down

Congratulations

Which City are you looking in? I am seeking my first Section 8 Rental as well

@Sarah Masteller@Jeff GreenbergThanks! I really appreciate it...Taking action is the key considering it took years to pull the Trigger haha

Hi BP 

I currently have my first real Fix & Flip Completed with an offer already made at Full Asking after 10 Days on Market!!!! Hoping all goes smooth and closes. During the time I have been writing down Every Expense on a yellow not pad which is definitely Not Professional lol. Does anybody have some type of spreadsheet format that I can use? I am about to start another rehab project and anything will help. Thanks BP Fam 

Welcome. Montclair in the house!!!

Nothing in this world is free! Wanna sell your house it's gonna cost?

They said Newark would be a GOLD MINE back in 2005 when I started working in real estate down there and look what happened. They have been saying this since the 1990's when I lived in neighboring Belleville and Newark had the highest per capita crime rate in the Nation. Purchasing property based on Anticipation is dangerous. However, Newark always was and always will be a good rental market if you purchase at the correct price for CASH FLOW. Most wholesaler are emailing me as well with the same properties located on the most violent south ward blocks which could be difficult to keep tenants with the high risk cap rates. They can build all the YUPPY places such as Wholefoods, Panera Breads, etc they want it still will never change the 07103,07104,07106,07112,07108,07114 ZIP CODES at all. Down Neck(Ironbound), North Newark (300-900 blocks), down town (very few blocks) and upper Vailsburg are Good areas. Anywhere else I wouldn't touch unless you have EXPERIENCE. As for a wholesaler this shouldn't really effect you as long as you purchase low enough and have enough room for profit. I know many investors that will buy on any block. Let me know what you have because Newark is a great investment overall especially with SECTION 8. Property values have gone up overall but as far as it changing like Hoboken or DOWNTOWN JERSEY CITY that will NEVER happen. I know this as I have been a real estate appraiser in NEWARK for 10 years

Harrison NJ is a completely different market area with a completely different socioeconomic scale, different statistics and superior school system. Harrison has a lot of opportunity with all the PATH line construction.