I am also interested in looking at property in Newark. I am not very familiar with the different areas which makes me a bit nervous as well. I was initially looking for a multi family unit that I could flip or would provide passive income. The few homes I found, though low priced ($50 to $60,000 range) were in such poor conditions they were total gut jobs or tear downs and were not in very good areas/neighborhoods severely limiting flipping as an option. I believe I could rent at a price to generate positive cash flow, but I worry about being able to find good, reliable and stable tenants. I still thing there are opportunities in Newark the key is finding them and as William P said even if you look in what is considered a better area such as North Newark, neighborhoods can change block by block. Any advice or assistance would be appreciated.
Someone suggested Elizabeth, NJ as an option any thoughts.
Thanks.
