New Jersey Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago on . Most recent reply
Investing in Newark?
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
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.