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All Forum Posts by: Preston Mahoney

Preston Mahoney has started 1 posts and replied 2 times.

Post: Rentals in South Jersey

Preston MahoneyPosted
  • Posts 2
  • Votes 1

Burlington, Camden, and Gloucester counties are the main areas I’ve been searching since I need to stay closer to Philadelphia.

I plan on living in the property for a few years and renovating since I have a lot of experience. But I was concerned with how high rates are now and renting it out with negative cash flow in the future. 

Refinancing is always an option but don’t want to be timing the market.

Post: Rentals in South Jersey

Preston MahoneyPosted
  • Posts 2
  • Votes 1

Hi Everybody,

New investor here and trying to better understand the market around me. I'm thinking about house hacking/live-in flip but I want to know what others' experiences have been in renting out multifamily and single family homes in the area. Was it difficult to find tenants? How's cash on cash return? Rental information for this area is slim and I'm not sure how many people are looking to rent out homes in this area.

Thanks!