All Forum Posts by: Nishil Kothary

Interesting opinions. I agree with @Mark F. about being patient. Are there an NJ RE meetups that you guys know of or attend?

Thank you for your inputs. 

What are the main resources you guys use to analyze RE markets (cities/towns)? For example @Abhijit Patel you mentioned RE prices in central jersey being below 2007 levels.  

I currently have just been going through Zillow and putting numbers in on BP calculators only to find most properties cash flowing negative amounts. 

Obviously this is not an efficient way to find deals and zone in on an area. Ideally, I would like to find a few markets that I feel are undervalued and create my criteria/rule of thumbs to be able to spot deals. My major issue is market analysis.

@Shawn Mcenteer would also love to hear more about why you choose those two areas and your experience/outlook for that market.

Appreciate all your help guys!

@Shawn Mcenteer thanks for the response and warm welcome! I am looking at buy and hold properties (open to single or multi-family). As @Angelo Mart mentioned, the market seems overpriced and cash flow negative. I would love to know more about your strategy in North Jersey.

Angelo Mart, what locations are you now looking at?

Hi,

My name is Nishil Kohary and I am a new real estate investor. I currently live in NYC but am looking to invest in New Jersey given the high prices of NYC. Does anyone have suggestions on undervalued markets to look at in NJ or nearby states? I am struggling to zero in on a few markets to focus on.

I appreciate the help in advance!