All Forum Posts by: Stephen Kappre

Hi @Juvani Brooks and welcome. There are many local people on here ... investors, contractors, agents, property managers, etc. that are local so you are in a good place. There also local SJREIG meetings often put on by @Justin Eaton and some other locals. Stay on BP and keep learning. As far as investing, you need a place to live so maybe go for a house hack, a duplex maybe or even a single family and rent out rooms. You have options. If you have some money to work with, even though the market is competitive you can find something that is a great investment and can supplement your income, allow you to live "Rent free", and sooner or later cash flow. Good luck! 

@Nicole Brites there are some options in South Jersey that may work. Generally the further south the more options, and picking up a duplex or triplex for $150-250k isn't impossible, even in this market. Depending on your flexibility on location you can find a place that will cash flow (at least once you move out of your owner-occupied unit).  

Way to go @Joe P. !!!

Def need a great agent and lender. In South Jersey we don't use attorneys that much, so I'd say a great contractor would fit spot #3 In my experience, depending on your goals (fix and flip, BRRRR). The vast majority of other professionals a good agent is going to know and be able to refer you to as needed.

As an agent in South Jersey I have always had buyers coming from the cities (Philly and NY), and in all price ranges. I don't have as many sellers looking to move from Jersey to the cities that's for sure. I could see prices still going up even in slower markets just because interest rates and inventory are so low and competition so high. Of course the nice thing about South Jersey is you have easy access to Philly, DE, the Jersey Shore and New York, either by train or car. 

@Mike Bonadies

@Vincent Tubito there are many options in South Jersey, from very inexpensive single-family or multi's, to large or very large multi-units. It depends on what you are looking for. You can get in or below $100k for a single family or for even a multi that you can BRRRR, or you can buy a 4-plex that's all rented out already $400k+. Yes there are areas for each of these options and more, so the short answer is yes and depending on what you are looking for, then we can probably point you in the right directions.

@Ben Jackson @Justin Eaton might be able to help. 

@Aubri Paredes 

Unless you have large amount of cash to wait around for appreciation, I would lean towards the cash flow option. Yes in South Jersey you can find places to cash flow. Sometimes cash flow is high but appreciation is low, so you have to maybe find that sweet spot. Some not-so-great areas have high cash flow but very little appreciation. Other areas appreciate better and really hold their value but have much higher entry level prices and cash-flow little to none. As far as distance, consider how often you plan to go there. Do you plan to pick up the rent every month? Maybe just finding a good property manager or contractor in the area would make sense as you live further away.