All Forum Posts by: Chad Hechme

Thanks you Alexander, you are correct it looks like for the long term this area definitely is worth consideration, however just from some of the research I have done in the past few days, Elizabeth still has a better cashflow to cost ratio for the time being, don't you think?

I own multiple rentals in Elizabeth, NJ but I was just offered a property in Harrison, NJ, I am not familiar with the area so I am looking on some insights on the area weather its worth investing in or not, especially that properties seem more expensive than Elizabeth.

@Ryan Paltridge

Hey Ryan, i am in the process of puting an offer on a vacant multi family property in ironbound, but my concern is would there be any limitations to how much rent I can ask for by the rent control board? Or being that the property is vacant I can pretty much ask for market price?

Thanks in advance for your help

looking for advise on investing in the Ironbound section of Newark, I have read a couple of threads on hear that talk about ironbound as great neighborhood but it's too expensive to invest in.....however looking at the median rents compared to the pricing of the homes and it seems very reasonable especially on 3 or 4 family properties ... would love to hear others opinion on this... I am sure I can learn a lot from eve ones take on the area.