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Updated almost 3 years ago,
Who invests in STR in the West Milford/Lakes/Vernon area of NJ?
Hi,
First time post! I own a multifamily in Brooklyn, NYC, which I have decent equity from, and am looking to HELOC to buy a STR (and the option of a place to live at while I STR my property in NYC).
I have been looking at places in the West Milford/Vernon/Highland & Greenwood lakes in NJ area. I would love to buy lake front - and on calculators seem to get a good return. However it's a little hard working out the exact STR rules and regulations as it pertains to the different lake communities, they seem a little ambiguous - would love to talk to someone who is doing STR in this area - and how you're finding it.
Happy to provide help with anything you might need in return!
René