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Updated almost 11 years ago on . Most recent reply

Ravi Bhamre's profile image
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Ravi Bhamre
  • from Roselle Park, New Jersey
  • Member since Apr 3, 2014
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Ravi Bhamre
  • from Roselle Park, New Jersey
  • Member since Apr 3, 2014
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Ravi Bhamre
  • Roselle Park, NJ
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Multi-Family and Apartment Investing

Looking to invest in Newark

Ravi Bhamre
  • Roselle Park, NJ
Posted

any thoughts/ advice on investing in Newark? Have looking online at properties. 3-4 unit properties..does anybody use property managers?

Looking to buy and rent long term...

Appreciate any I for. Thanks

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Erik Pedersen's profile image
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Erik Pedersen
  • from Bayonne, New Jersey
  • Member since May 13, 2013
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Erik Pedersen
  • from Bayonne, New Jersey
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Erik Pedersen
  • Bayonne, NJ
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Erik Pedersen
  • Bayonne, NJ
Replied

Do you have experience as a landlord?

Check out the neighborhood of houses you may be interested in. Newark has a lot of rough areas but also has a lot of nice ones.

Run the numbers(fixing up, taxes, holding costs etc.) make sure it will work as a rental.

Find a Realtor that works in the area to help you out.

Just my two cents - good luck!

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