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Updated over 7 years ago on . Most recent reply

Buy/Hold Investment Property in North Newark
Hi everyone,
I received an informal text message today from an acquaintance who's wanting to sell a 3 family investment property located in North Newark area.
I've asked him to send me specs and pictures of the property and all he sent me was that it has two 3 BR/2 Bath and one 2 BR/1 Bath.
Asking price is $200K and according to him the house does not not need any repairs. Approximately $4,000-$4,200 p/ month in rent. Here's the only picture he sent me.
I'm new to REI so wanted to get a feel if there's anyone who invests in North Newark, who would be interested in even taking a look at the property considering the "limited" info OR what other information would you need to even consider this a possible lead?
Most Popular Reply

Hi Candi,
Is it fully occupied? What are the taxes? Thanks
Shannon