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Updated about 7 years ago on . Most recent reply

User Stats

38
Posts
8
Votes
Eric D.
  • Maplewood, NJ
8
Votes |
38
Posts

Investing in Newark?

Eric D.
  • Maplewood, NJ
Posted

First-time investor here, thinking of buying a condo in Newark to rent out. I am contemplating the area around the Broad Street Station and University Heights or a little more east near the waterfront. What are people's thoughts of this area? Or other areas in Newark for someone like myself? I honed in on this area because it is near the train, a Whole Foods is in development .... 

I do not want to have to rehab a house, which I have no experience, or get myself in over my head. I want to start off nice and easy with a low maintenance condo that I can buy and hold as a rental property. I was thinking of teaming up with a realtor, basically using the MLS.

Any insights appreciated! Thanks! 

Most Popular Reply

User Stats

95
Posts
60
Votes
Omar Ismael
  • Agent / Investor
  • Newark, NJ
60
Votes |
95
Posts
Omar Ismael
  • Agent / Investor
  • Newark, NJ
Replied

You first time investors kill me . So Eric D if you want your investing to be Nice & Easy why don't you just invest in Maplewood . I have been investing in Newark Nj  for the last 5 year and I can tell you nothing out here is Nice & Easy. 

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