Seeking Advice: Investing $500K in Real Estate for Cash Flow in New Jersey

[Seymur Korchiyev]

Hey BiggerPockets Community,

I'm a beginner in real estate investing and looking for some guidance on the most effective way to invest and generate cash flow, particularly in the New Jersey area where I reside. I have around $500K to invest and also have the opportunity to pool additional funds from investors, totaling approximately $1 million.

Considering the complexities and governmental regulations in New Jersey, I'm struggling to make a decision. My idea is to build a mini village with modern cabins, but I'm unsure about its demand, worthiness as an investment, and associated risks.

Here are some specifics:

1. Investment Capital: I have $500K of my own and access to an additional $1 million from investors.
2. Location: New Jersey, where I currently reside.
3. Investment Goals: My primary goal is to generate cash flow through short term rental.
4. Project Idea: I'm considering building a mini village with modern cabins.

I would greatly appreciate insights from experienced professionals in the community on the following:

1. Demand: Do you think a mini village with modern cabins would be in demand in the New Jersey area?
2. Viability: Is this type of project worth investing in, considering the potential returns and risks associated?
3. Regulatory Challenges: What are the potential regulatory challenges I might face in undertaking such a project in New Jersey?
4. Alternative Investment Suggestions: Are there any alternative investment strategies you would recommend for generating cash flow in New Jersey with the capital I have available?

I'm eager to learn from your experiences and insights. Thank you in advance for your advice and guidance!

P.S. I have a plethora of questions and ideas swirling around in my head, and I've done my best to structure them into this post. However, I'm open to discussing any additional insights or suggestions you may have. Your expertise and guidance are invaluable to me as I navigate through this exciting but challenging journey into real estate investing. Thank you for your time and support!