All Forum Posts by: Aditya Samarth

@Max Vishnev @Kevin Manafi Thanks for the responses here! 

To add more clarity, I’m focusing on the Heights and Journal Square areas as they provide the highest quality of tenants. Know a friend of mine that invested in a Greenville, Jersey City multi-family and is dealing with evictions and other problems. 

My goal is to build cash flow, enough to whack down the principal. I have a current condo i closed on 2 months ago in Journal Square area which was a great deal - new construction, 30% property tax abatement and i filled my tenants within 15-20 days of closing and i make $650 in net cash flow after all expenses. Now i can keep on doing the same but want to expand into multi-family 

I am evaluating a couple Heights properties right now in the $600-$900k range for multi-family. I’m definitely new to multi-family and will likely get a prop manager but generally wanted to understand if others have evaluated the economics of these places before. Some of them definitely look like they will need work which i want to avoid as i don’t have much expertise in that

Currently live in SF but am from New Jersey and want to grow my rental portfolio. I have been focused on Jersey City given the proximity to NYC and have a view that prices in NY are slowly going to make folks move to Jersey City and surrounding areas. 

Looking to expand my portfolio and go into multi-family but wanted to understand if others have evaluated the market and broadly NJ and any suggestions? Rental market looks strong to me