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Updated over 6 years ago on . Most recent reply

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John Arias
  • New York, NY
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real estate help pleaseeeee

John Arias
  • New York, NY
Posted

Hello bigger-pockets member, im here because i would like to start building financial wealth. Im in the process of getting my real estate agent license, i would like to get into whole saling real estate outside of New York(towards new jersey and Pa). I'm having trouble starting up, i know i have to do direct marketing, but in which county should i start?? 

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Chrissy Parsons
  • Specialist
  • Branford, CT
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Chrissy Parsons
  • Specialist
  • Branford, CT
Replied

@John Arias Since you plan to do some mailing, I'd suggest that you work with a mailing list broker to get the lists that you want. In the process, you can learn some statistics about the counties. 

For example, this shows how many absentee owners there are in each Northern NJ county. 

High equity, single and multifamily, home value $50-400,000

Bergen   2058
Essex   3418
Hudson   1495
Morris   1397
Passaic   3113
Sussex   1388
Union   3769
Warren   734

This is a breakout by home value:


$50-99,999 - 332
$100,000-149,999 - 1371
$150,000-199,999 - 2565
$200,000-249,999 - 3003
$250,000-299,999 - 3471
$300,000-349,999 - 3760
$350,000-399,999 - 2870

It's possible to get the breakout by county as well. Since this is a competitive area, you might consider other off-market lists as well

.

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