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20k to invest in NJ/PA
Hey everyone,
So I need a little bit of advice. I'd like to put 20k down on a property in either NJ/PA. I plan on renting out the unit/units. I know that it'll be difficult to find a property worth 100k in Jersey but have any of you had luck? I'm not sure what type of rental property I should start out with (i'd like a multi family if its possible).
Also what types of properties generally require less effort? I'm making a relatively large investment (1m+) in the restaurant Industry so most of my time will be focused on running my restaurants.
I'd like to keep my investment low until I get my feet wet.
*I'm still doing a lot of research to learn as much as possible but i'd like to get an idea of what I should expect.
Thanks.