All Forum Posts by: Hiral Lai

Hi All, 

I also am finding this thread quite useful, but since this started over 4 years ago, I am wondering what investors are feeling about the latest in the rental market in NJ. I am new to this space and still just trying to learn and absorb as much as possible about real estate investing. I am a cautious person but still quite convinced that I would like to invest in a property by the end of 2017. Thus far, every deal I have analyzed shows negative cash flow in NJ. I live in Clifton, NJ and am finding that rents here do not yield proper cash flow due to taxes. I am trying to avoid Newark because it is not the safest of areas, but I am wondering if it is only those areas that will yield proper returns. Would love to hear from investors on their recent outlooks about what areas are good to look into. In addition, it seems that the traditional paths such as NJMLS, Trulia, Zillow, etc. are not the best in terms of finding the deals. What is everyone's recommendation on how to find the best deal? How does one get to these distressed property owners? 

Thank you both! I will definitely keep these tips in mind and check out the book. I live in Clifton, NJ so I was hoping to determine if there were good neighborhoods around me for rentals. Thinking like a renter definitely makes a lot of sense.

Hi Everyone,

I am just joined Bigger Pockets a few weeks ago and have been trying to learn as much information as possible. Since I am brand new to this world, I would love to know if anyone has come across a solid set of criteria or a checklist to use when evaluating what neighborhoods you want to invest in. I know it depends a lot on whether you are trying to do single family for flipping or as a rental, but I'd like to know if there is criteria for both that exists.

Thanks,

Hiral