Looking For A Capital Partner for a deal in Newark

[Martin Sterling]

Greetings,

I'm looking for a capital partner for a deal I would otherwise wholesale, but the numbers look good for a buy and hold.

Newark, NJ

153k Ask

20k Repair

320k ARV

Triplex

4 bed 2 bath

3 bed 1 bath

1 bed 1 bath

It's basically move in ready.

Looks like you can cash flow a good thousand dollars if you buy and hold. The problem is so many people out here are scared of Newark when I talk to them.

Any suggestions?

[Account Closed]

Martin Sterling I don't think investors are scare of investing in Newark, they are more concern with the rent control and tenants being a bit difficult to manage.

Looks like a good deal, you should try the Essex auction to find some even better ones. I saw one guy win the bid for $20k on a multi that needed full gut but the area was average.