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Updated about 4 years ago,
Camden, NJ Investments
Hey BP fam!
I've been reading and soaking up knowledge for quite some time and I'm completely ready to dive in. I have looked into a few markets but I now have my heart set on Camden, NJ. The barrier of entry seems reasonable and the city seems to be on the rebound within the next few years or so. Camden actually reminds me of Brooklyn, NY which I was born & raised.
My current interest is to buy & hold either a multi-family or single family for cash flow. I am looking for professionals that are familiar with the Camden market and can guide me along the way. Are there any newbie investor friendly realtors that specialize in this market? How should I acquire financing to purchase this first property...should I finance through a bank? or go through hard money lender using the BRRRR method? I don't plan on relocating to the market as my family & I are pretty settled in the Brooklyn area and are unwilling to transition our 5 yr old out of her new school so house hacking would be out of the question.
Any advice is appreciated!