All Forum Posts by: Judy Paley

Darren Sager I just read your old post about rent control in Newark. As I am researching my first MF purchase in Newark I’m lucky that I figured this out sooner than later. The property I wanted to bid on has no chance of a rent roll. What surprised me is that even though a unit is empty when the property is purchased the new owner can only raise the rent by the CPI of the last rent amount (about 2.5%). I know the old owners rented out an illegal basement apt but I’m not willing to do that. Not am I willing to pay top dollar for a property with s negative rent roll 😢.

Investors looking to expand into Newark MFs. Please reach out if you are willing to lend some advise on areas, finding tenants, and rent control laws. @Ibrahim Hughes, we’d like to join your next meeting.

Val Jaz I'd like to hear more about those hidden liens on auction properties. My understanding is the buyer receives a clean title, or so Hubzu assured me.

Ingrid Nagy did you find anything out about the NJ addendum ? I am an investor but This will be my first experience with Online bidding thru Hubuz and could use your advise. TYIA

Peter, since this post have you gotten involved with tax liens?

Hi there! I have a few SF rentals in central jersey/so jersey and Florida  but hoping to get into MFs in north jersey. Union city looks like a up and coming town.  If anyone can recommend a realtor that's knows the area with investor experience please let me know. If you made any recent purchases I'd love to hear your success or non success story.   TIA