Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

9
Posts
4
Votes
Luke Bonus
  • Rental Property Investor
  • South Jersey
4
Votes |
9
Posts

New investor trying to figure out which area/s to invest in

Luke Bonus
  • Rental Property Investor
  • South Jersey
Posted

I am brand new to real estate investing and right now I’m in the process of learning as much as I can. In New Jersey it is obviously tough with how high taxes are, but I feel like I have found places that would still cash flow, Gloucester City for example (not so sure about appreciation though).

Is anyone familiar with investing in Atlantic City? I know there has been talk of some things turning around, but people have been saying that for a while it seems. Anyways I saw some properties that seemed like they could be pretty decent in AC and just wanted to see what the market is like.

Thank you!

Most Popular Reply

User Stats

46
Posts
36
Votes
Georgeanna Tracey Newmones
  • Real Estate Agent
  • Atlantic City, NJ
36
Votes |
46
Posts
Georgeanna Tracey Newmones
  • Real Estate Agent
  • Atlantic City, NJ
Replied

Hi Luke, welcome aboard!! The AC market is ripe for investing, and there is so much growth happening economically in the city. You're correct in the tax assessment of NJ; however, with that said, where can you purchase waterfront property $100,000??? Depending on your strategy and how you are looking at the market, there is money to be made. There is lots of Airbnb, multi-family, and rental opportunities in the city.  If you have not been to the area, tour the area and check out the University district, Inlet, Venice Park, Bungalow Park, and Chelsea areas. Take your time and get to know the market and you should be good!!  And if you're looking for a great Realtor, I know one whose ready to assist!!

  • Georgeanna Tracey Newmones
  • Loading replies...