All Forum Posts by: Chaim Kay

Thank you Ibrahim S and Darren for the extensive information and opinions. As to Orange more feedback on that would be appreciated. Have great weekend everyone and thanks again

Thanks Chai

Hello Everyone my name is Chaim Kay and I very excited to be joining this site.

I browsed for a while and finally decided to introduce myself.

Currently I am looking at Irvington NJ area since the prices look very attractive for a first time investor. I see a lot of one and two family houses on the market that are priced under $100K. Checked some data and it seems that some of them were bought in 2005 -2006 at about the triple current price.Tax values and zillow estimates are way above asking prices. Hence the question, were they overpriced at the time? Are they hard/impossible to rent so the current owners are trying to cash them out at such loss? Has the area deteriorated tremendously? I really appreciate any input.