Newark, NJ Advice & Redevelopement Plans

[Scott Starrett]

I'm looking to invest in a 2- or 3-unit property in Newark, NJ  (I live in NYC/Manhattan).  My goal is to find a value-add rehab, refinance, and hold for cash flow (15%+ cash on cash return).

Let me know if any of you have advice for Newark. 

Also, I started puting together some background on Newark (PDF attached - very rough draft), wanted to share with the forum since some of you might find this useful, in addition to Newark re-development plans.  Let me know if you have comments on any of this information also 

https://www.newarknj.gov/viewer/redevelopment-plan...

https://www.dropbox.com/s/dcs0vcdn21ww7kh/2018%20N...