Atlantic City Real Estate Value

[Roopa Madihally]

Hi all,

I'm new to BiggerPockets and new to real estate investing as well. I recently found a good property in Atlantic City, New Jersey with a decent pricing with existing tenants in it. I checked the property history in and around the area and some of them were of concern and I checked with one of the agents I know and he said that the Atlantic City property values have been on a decline and will continue to do so in the future. He was not too sure about their rental capacity into the future but he kinda implied that the rental income might decrease as well going into the future. He also mentioned that due to floods in the recent past a lot of people have moved out, however the property that I'm looking at is not in flood risk according to FEMA.

Does anyone know here if Atlantic City in New Jersey is a good idea for investment purposes?

Any pointers are much appreciated!! Thank you !!