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All Forum Posts by: Jordan Gregg

Jordan Gregg has started 7 posts and replied 42 times.

Post: Where do i look to purchase my 1st investment property in nj?

Jordan GreggPosted
  • Rental Property Investor
  • San Diego, CA
  • Posts 42
  • Votes 22

Hello - I am starting from a similar point as Mario, looking to purchase my first investment property.  I rent in Jersey City Heights currently and have been watching listings in the area (the Heights, Journal Sq, Union City, West New York) for a few months.  My thought was to find a multi-family (preferably 3-4 units) and owner occupy.   My budget is 400-500k.  I was told a lot of investors in the area are speculators, sacrificing cash flow for hope of appreciation - is this accurate?

I'm also struggling to find a realtor that doesn't speak in 3 word sentences or even wants to meet in person to discuss my goals -- maybe it's just the area, heavy competition, and a lot of "investors" (probably like myself) who spin people's wheels without ever getting really serious.

I'm also considering areas like Montclair and Bloomfield because of easy NYC access - they seem like they could be safer with longer term tenants, but I'm not as familiar with the rental markets.

I'm reading and digesting as much as possible, getting familiar with terminology/concepts, but I'm struggling in general to get focused and be confident that I'm going about this the right way.  Any and all advice is very welcome!

Post: Hello all

Jordan GreggPosted
  • Rental Property Investor
  • San Diego, CA
  • Posts 42
  • Votes 22

Hello - I am a 27 year old full time IT consultant looking to get into the world of real estate investing. I have no experience in investing, but real estate interests me and is something I can wrap my head around.

I am mostly just looking to read and learn more about strategies and people's experiences. I am lucky to have some disposable income at my age and want to make it work for me in the future!