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Updated almost 7 years ago on . Most recent reply

Account Closed
  • Developer
  • Central, NJ
7
Votes |
34
Posts

Looking to Invest in my Local Area

Account Closed
  • Developer
  • Central, NJ
Posted

Hello, I'm looking for anyone that is looking to invest in the Mercer County area in New Jersey, more so in Trenton. Now while Trenton is the Capital city of New Jersey, it is also a part of the Urban Community. There are over 2,000 maybe more Vacant properties and lots, some owned by homeowners who either aren't motivated to sell a property or not able to, others are owned by banks & by the city, lets not discredit the crime that goes on in most areas. The city has hosted auctions to sell some of these properties to motivated buyers but based on a report i read the last few auctions there has been over 20 properties put up but noone buying them investing in them and i get why, its not that many that are devoting there time to want to invest in a city like this, for me im looking to become a real estate developer and i need to start somewhere to get my Real Estate venture going but am struggling to do so. I have a friend who is in real estate has been for 2 years now and shes looking to do rental properties out in Trenton, so maybe i go down that route with her to get started, i'm not sure. But as of right now im looking to work with any Real Estate Agents, Brokers, Hard money lenders, to learn from and see if any would be interested in investing out here not just Trenton but other Townships in Mercer County, let me know if your in the area or in New Jersey Period.

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Anthony Dooley
  • Investor
  • Columbus, GA
1,995
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Anthony Dooley
  • Investor
  • Columbus, GA
Replied

@Account Closed you may consider moving to a market that has a lot of real estate development going on already instead a waiting on your local area to improve. It could be years or never. Places like Dallas, Denver, and Houston are building new homes and apartments trying to keep up with demand. People are migrating away from high tax / high crime areas for lower taxes and lower home prices. Once you make it big, you can go back to your area and buy up the county.

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