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Updated almost 6 years ago on . Most recent reply

User Stats

62
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11
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Paul Chae
  • Investor
11
Votes |
62
Posts

BRRRR in New Jersey(first timer) questions

Paul Chae
  • Investor
Posted

Hello.

I live in NYC and have budget of about 100k to start my first BRRRR.

Since there's no area in NY that I could afford to do buying, rehab and paying closing cost etc with this money,

I had to turn to NJ area, especially around Trenton.

Is Trenton an emerging and improving area that is worth jumping in? I would appreciate your knowledge and info.

And also anyone who is aware of any reputable experienced buyers agent? I wish I could establish a long term business relationship and learn from them.

Any other relatable RE advice would be greatly appreciated!

Thank you all and I wish you all reading this the best investing year in 2020!

Most Popular Reply

User Stats

6,751
Posts
7,809
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,809
Votes |
6,751
Posts
Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Trenton is too far out with the commute. You would want to focus on Northern NJ. Newark, Orange, and East Orange have lower-priced opportunities to BRRR and the commute to NYC will be easy. If you are moving and work from home then you may have different options. You want to focus on train line towns to maximize your rental options if you are looking to BRRRR a two-family.

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