4 Unit in East Orange, NJ

[Anthony Caleca]

Curious if any BP have any experience with buying rental properties in the East Orange, NJ area. I know it is far from the best neighborhood but the property is relevantly cheap, and there is a lot of opportunity to scoop up 2-4 unit multifamily homes at a cheap price.

I say cheap because I live in New York City, and nothing is cheap real estate wise, so I am exploring parts of nearby jersey for more cost efficient options. my friend just bought a property in East Orange as well (its his 4th investment property) and he says he will be buying as many multifamily homes as he can out here over the next 3-5 years.

here is what monthly expenses/income looks like monthly and annually. If you have any experience with East Orange please comment