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Updated about 9 years ago,
Looking for starting up advice.
Hi all,
My husband and I are both teachers (I work in Newark and he in Bridgewater, NJ). We are looking to invest in rental properties (multifamily) to hold for about 10-15 years as an additional income. Since we are new to this I am seeking any information anyone is willing to help us with. We were approved by the bank for $350 but would like to stay at about half of that so that we can purchase a single family for ourselves in about 5 years. We currently have 25K to put down. A few specific questions I have,
Any areas (between Newark and Bridgewater) that anyone knows of having good rent rates and lower property values/taxes?
Does anyone know any agents that work with investors in that area?