All Forum Posts by: Saad Saeed

Hello all In today's market what is considered a reasonable cap rate / cash in cash rate for rental investment in central New Jersey for 2 bed 1 bath condo - Edison - Rahway - Elizabeth Any ideas and advise will be much appreciated Regards Saad

@Darren Sager thanks for your note.  It is exactly that thinking which is keeping me interested in this property.  Appreciate your perspective 

Thanks

Saad 

thanks Amar

Hi BP Family,

I need some advice on a potential opportunity that I'm exploring in Edison NJ.  The condo is an short sale status.  Comporable in the neighborhood are going for 215-220 range.  I can potentially get this 185K and would have to put in about 7-10K of work ( paint, kitchen appliance).  I did that math and the cap rate is around 4.5% (assuming i include 10K fix up cost in calculation).  It is in a good location - where rental demand by professionals commuting to NYC, is generally high due to proximity to train station.    Given this is my first rental opportunity that I'm exploring - any advise will be much appreciated.  I plan to buy and hold this for foreseeable future.

Regards

S

Hi BP members,  I'm a newbie looking at Multi Family in Rahway, NJ near the train stations.  There are couple of houses on sale there - Just wondering if there are investors / landlords from the area who can share their experience.  Is it an ok place for newbie to start.  Is it relatively easy to rent there.  Just general guidance will be appreciated.  The houses are from 200K to 250K (2 family units and rent seem to be avg 1100 per unit)

The properties will require some TLC

Thanks

Saad

Hi Paul,

Did you end up getting the property in Rahway?  I'm a newbie and starting to look in rahway, wondering how your experience has been in the area?

S

welcome victor, I'm a new REI from NJ as well. I noticed @Wendy Bykowicz is also from NJ.  Would love to connect and meet over coffee to exchange ideas and kick start our respective REI journeys.

Let me know

SBS

Hello all New to real estate investment and joining BP to learn and network. Buy and hold and Rehab/Flips. Any suggestions on meet ups - looking to find a good mentor - suggestions welcome Regards Saad

looking to network, learn and build an investment property portfolio