All Forum Posts by: Joshua White

@Jayakrishna Bommasamudram thanks so much for the link! Good information here!

@Jeffrey Griffin I definitely will! Wish you the best of luck man!

@William Thomas I definitely agree that the taxes could drive the rent a little. However, another thing I was thinking, and let me know if I'm crazy for thinking this way, but due to the discounted price (some by as much as 50%) there could be some value in purchasing a property there simply for the equity. It could perhaps fund another deal. Thoughts?

@Jeffrey Griffin Hey Jeff! Yeah there are lots of properties there for very low prices. My wife actually grew up there and she's very familiar with the area. There isnt much crime there so Im not really sure as to why the prices are so low. There are many foreclosed homes there and I'm not sure why.

Do you have investment properties in Delaware ? If so, how is the market?How is it going for you ?

-Josh

Hello All,

I'm new to bigger pockets and very new to real estate investing! Currently I've been researching different markets and stumbled upon Penns Grove NJ; so far I've come across quite a few interesting things. 

I currently reside in Delaware just across the Delaware Memorial bridge from Penns Grove New Jersey. There seems to be an abundance of renters in that area and it would seem to be a good place to own rental property. Most places that I've looked at our at listed at a discount price. As I've been writing out business plan strategies and ideas, I believe that I will be moving towards the buy and hold strategy.

My question is two-fold:

One, does anyone know of any good property managers in that southern New Jersey area? 

Two, does anyone own any property in this area [Penns Grove, Carneys Point] I would love to pick your brain.

Thanks much!

Josh

Great question @Becky Farnsworth ! I was actually wondering the same thing myself!

@Josh Caldwell would you happen to know about how this works for Delaware residents. Also, what if my business is in one state and the property is in another. Which states regulations would we need to follow ?