Lakewood, NJ and 55+ Communities

[Daniel Servdio]

Hi All,

I’ve noticed an interesting opportunity regarding 55+ rentals in Ocean County, NJ (Lakewood, Brick, Toms River). The homes in these communities seem to sell for dirt cheap, and comparable rents appear to provide significant cash flow.

I want to buy one of these as my first deal but here are my concerns:

1. Is finding Tenants in the market hard? I’m only 22 so I personally have very minimal experience in these communities.

2. Am I missing something? These seem like a great opportunity knowing that the baby boomers retirement class is growing quickly.