New Investor - Trenton, NJ

[Adam DAnna]

Hi,

I am looking to start out in real estate investing in Trenton, NJ using a buy and hold strategy. Despite some possible hoops to jump through, my plan is to use the Section 8 program as a way of partially receiving guaranteed rent.

I am currently a Financial Analyst at a commercial real estate brokerage and my partner runs a small construction company in Central NJ. I currently reside near Philadelphia, but am from the central NJ area and am relatively familiar with the area.

I would appreciate any other advice/insight on this. Thank you all in advance!

[Suzanne Griffiths]

Hi @Adam DAnna Welcome to BP.  Sounds like you have a great start by narrowing down the niche that you want to focus on.  Many people have too broad a focus which results in little to no progress. 

Having a great REAgent to work with will be key (sure you already knew that), but also looking for off market deals as well.  Run your numbers, make sure that you are figuring in management costs even if you are going to self manage and if the numbers don't work move on.

Good Luck!