All Forum Posts by: Diana Tian

Hi Shira -- my boyfriend and i have been living and investing in jersey city for over three years. a lot of investors from New York came to invest here. the only disadvantage of investing aboard i can think of is that you might lose some of the tax benefits.  

My boyfriend is also a local realtor and he does property management as well. I can give you his contact. 

a realtor should be able to pull that for you from MLS.

i need to change the roof for a single family house in East Orange, NJ. Any recommendations for a good roofer in North Jersey will be very much appreciated?  

Thank you in advance!

Diana

@ Ryan ( i still don't know how to use @) -- Agreed!

Ryan Goldfarb

Ryan Goldfarb

  i have seen the changes since i moved here seven years ago. there are some great investments out there. Compared to other cities in hudson county, i think jersey city is more suitable for flipping or new development. you can always find buyers. From buy and hold perspective, I think a lot of houses in jersey city look like good deals from the surface. it is hard to get good tenants. on the other hand, it is much easier to get good tenants in union city/west new york/north bergen. 

i would suggest you to work with a mortgage broker when you start out. they are more expensive but an experienced mortgage broker can teach you a lot about creative financing. 

Good luck! you have made a great start. all in all, any cities you mentioned are great place to invest. 

it really depends on your experience in Real estate. i don't think it is a good idea to start off in Greenville. but greenville's ROI is the highest across jersey city assuming everything goes well.

What's budget?

I can refer you my agent. 

 Agreed -- there are so many factors that can impact the rental price. in terms of location, which street is your favorite? i try to get close to BLVD east as much as possible. I feel blvd has the best transportation. whats your thoughts on it? 

 raising rent on exiting tenants by $200 is a bit tricky. i would suggest you do it slowly or be prepared to get new tenants in. 

We rented out a renovated 3 bd (900 sqt) for $1600. We did some market research on the market price and came up with $1750. At the end, We rented it to the tenants we really liked with a discount. 

depends on the size and condition. In general,$1500 + ...