Greater Trenton NJ Metro Area (Ewing)

[Alex Ridgeway]

I am a new investor and looking to buy my first rental soon. I found amazing homes in Ewing area. These homes rent for 1500 avg with the houses at 150k for a 3bedroom 1200 sqrtfoot home. There are dumpy properties for less than 100k with 20k+ renos needed and I would be willing to put the sweat equity to renovate. I am also BRRRing so the ROI would be amazing along with a strong cash flow. Mercer county has some demanding landlord rules but seems reasonable like getting a Cert of Occupancy between tenants. The neighborhood has families who play catch in the street and the houses are maintained. Seems like a blue collar area. Also there are three great universities and a hospital in the area. Also commute to NYC is long but possible. The public schools are also good.

So just wondering if this is the right area to invest in. Anything you would caution a new investor on within this Ewing area specifically above N Olden Ave.

+Great properties available 

+1% Rule

+Great Cashflow

+Family in the Area (Business partner)

+Nice place to live

-Close to Trenton Market 

-Certifcate of Occupancy after every tenant

-High Jersey property taxes

Thanks!

Alex