Thoughts of long term investing in Newark, NJ (D-F class)

[Anthony Liguori]

Just looking to see what’s everyone’s thoughts about investing in newark nj long term in the ghetto (C-D class ) .. the market is crazy hot right now in this area. Houses are going really high.  I wonder if I should sell my property and make 300k profit or keep it long term with the $2500 cash flow every month on a 3% interest rate ..  tenants are ok however they always paying late and it’s hard to get any late fee. All section 8 tenants but each tenant pays a different  portion , some higher then others. Been looking for another property but everything that’s decent is over 500k so I been leaning with just keeping cause I got nothing else to buy . Any thoughts ?

[Shawn Mcenteer]

@Anthony Liguori with how difficult Newark NJ makes it for landlords unless the laws change there are many other options for markets around North Jersey which will produce amazing returns and way less stress for landlord. 500-700k properties in the right area have best shot at hitting 1% rule, even in todays market.