All Forum Posts by: Patrick Reagan

Am looking at a three family home in Newark NJ that's been fully renovated and has very good income potential.The neighborhood is a bit rough but a fellow co-worker  who owns property in the area says if it's a quality place I should not have any problem finding residents.What should I be looking out for here? Thanks

When it comes to mix use properties in the same neighborhoods,have you found it more challenging finding tenants for the commercial space?

Thank you,Greg.My intention is to buy something recently renovated and using a PM to reduce headaches.

Don,thanks so much for the great feedback.My plan is more in line with #4.Anticipating higher repair costs and improvements is a great point as well,something I'll have to calculate into the equation.With the higher cash flow expected ,with such a property, I think I'll be ok.Sounds like your example in Arlington was a solid play despite all the draw backs.Did the drawbacks you describe cause you to sell?

Am finding the better cash flow is in the tougher neighborhoods and would appreciate thoughts on the matter.Stay away from the tougher areas?Am looking in the Newark,NJ Jersey City,Elizabeth areas.

I'm looking to invest in small multifamily homes,three to six units,in Newark,New Jersey and would appreciate any helpful tips on the market and if there are any particular neighborhoods in the city to avoid.

John and Nathan,thanks so much for your views.Great feedback. Any suggestions as to the specific way the LLC should be structured?

I'm interested in hearing different views in protecting myself if I'm sued.Thanks

I'm looking to buy my first multi-family rental property and think Newark,NJ has great potential.I realize investing in inner cities can bring with it additional risks and would like to hear some ideas on minimizing such problems from those with experience in this area.Thanks