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Updated almost 3 years ago,
where to invest right now.
I have just over 100k to invest right now. I live in the North Jersey area and was thinking for buying a 1 story ranch house (not many left) in the more remote north west NJ area, which is the area I love to be in (reminds me a little of Vermont) but is still close to big cities because its NJ. I thought I could add a second floor (I've done it twice before working in the trade) and hold for a few years and then sell. I am recently married and we can't leave NJ just yet, nor are we certain we want to. But perhaps I could also buy a multifamily in another state and have a property manager take care of the rent collection. So either I buy and rehab/add on or buy a multifamily and live in one unit and make passive income. Where should I look to get the best ROI and what do you think about adding on to an existing 1 story ranch? Thanks