Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
New Member Introductions
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 about 9 years ago,

Account Closed
  • Hicksville, NY
0
Votes |
2
Posts

Need advise on buy rental in Irvington NJ

Account Closed
  • Hicksville, NY
Posted

Hello Everyone my name is Mike and I just started reading BP a couple of weeks ago.I have been just browsing for a while and finally decided to introduce myself.

Currently I live in NY but I am looking at the rental properties for sale Irvington NJ area since the prices look very attractive. I am fairly new in investing and went to see a few one and two family houses yesterday that are on the market and priced under 100K but the taxes are kind of high 6-7k a year. It doesnt seem like a great area and I would not want to live there myself. Houses are not in good shape but rented by section 8 tenants. Now here is the question, should should a new invester invest in this area? I can make about 1K a month after all the expenses and property manager fee with investing 100K cash. These houses were sold for way more in early 2000. I really appreciate any input.

Loading replies...