All Forum Posts by: Wendy Liu

Thanks for the detailed intro to this area. I'm wondering if you think things are improving in Trenton in the past two years? Any new jobs, new projects, and reduced crime rates etc?

Also, typically how long does it take for a SFH to be rented out? Not sure if there is enough demand for housing in Trenton.

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Originally posted by @Randi Plevy:

I have a large house in Trenton that's zoned residential/office (multiuse). It's currently rented by a nonprofit that uses it as a sober living house. They pay the water/sewer and maintain the property. It cash flows nicely. My husband and I purchased it to use as offices when we lived in Jersey, but now that we're out of state, it no longer fits in our investment strategy. If anyone is interested, PM me and I'll send you the details.

Hi Randi,

Is this house still available? Happy to see the details.

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Originally posted by @Jack D.:

Thank you @Scott Wolf for the reply. Hopefully he has better luck there. I am hoping to keep investing in the area as Yale, Quinnippiac College and SCSU are a good draw.

Good luck to you.

Hi Jack, how do you like the property there? Any issues you have seen so far? I do see a very attractive cap rate near Yale and I don't quite understand why many investors are selling their properties other than for the high property tax there.

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Originally posted by @Chris Martino:

Hi @Wendy Liu,

Have you looked into Philadelphia at all? There are definitely some good areas to invest in for flips or buy and hold.

Thanks Chris. Actually I personally have never looked at it before. what areas do you suggest for buy and hold? And why?

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Originally posted by @Gary Swank:

@Wendy Liu Hi Wendy, Though more than a 4 hour drive from NYC, Pittsburgh PA., as you mentioned, is a great market to invest in as the buy-in is a lot more conducive than other more saturated markets. Pittsburgh has changed for the better with the influx of technology based businesses hiring more people who are in turn looking for places to rent. This combined with a very proactive Mayor who seeks initiatives that encourage economic growth have really become attractive to those investing in Pittsburgh.

My advice to anyone investing is to first determine what kind of REI property you are looking for, talk to the locals, get on automated searches, tour or have a real estate expert tour for you interesting properties, get your financing in order (Always consider getting a pre-approval) and get ready to "Pounce" once you see a property you want as it's still a Seller's market and many are vying for the same property as you. Timing is everything. Feel free to reach out to me if you want to talk more about Pittsburgh, PA.....Thanks, Gary

Thanks Gary, definitely very impressive changes are going on in Pittsburgh now. Do you know what are the major real estate investors in Pittsburgh? First time home buyers, experienced investors, or maybe even company invest for their own employee housing...?

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Originally posted by @Scott Wolf:

@Wendy Liu, while I no nothing about the Pittsburgh market, I personally know people that have invested in New Haven, and their advice to me was "RUN". So check out Pittsburgh!

Hi Scott. Thanks for your post! Same question as Jack, do you mind share why they advise you to “RUN”? The area has pretty good return from cashflow. Is it because of the lukewarm economic growth and limited upside in real estate appreciation?

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Thanks for your advise!! I was just thinking to start with a place that I can spend more time doing my research, and there seems to be a lot of options within driving distance. Of course I'm open to all possible opportunities.

Happy to hear your story in investing in NYC.

Originally posted by @Raul R.:

@Wendy Liu

Welcome to bigger pockets!!! Personally I wouldn’t limit myself to a market that’s just 4 hour driving distance. Regardless you will need Property Management why limit yourself just pick the right market. Although I do understand it’s nice being able to drive to your market..

Best of luck !!!

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Greetings all!

I have recently been pretty interested in real estate investing, found BP podcast, and here I am! I'm very excited join this community and learn from so many experienced and motivated people.

About me, I currently live in Jersey City NJ, working 9-5 in NYC, and I'd love to start investing in buy and hold properties with some good cashflow.

It's pretty hard to find properties with positive cash flows here in JC or NYC, so I'm thinking to go after New Haven, CT or Pittsburgh, PA. Any comments on these two areas? Does anyone know of any other places to start out in that's within 4hrs drive to New York City?

Please let me know if you have any recommendation for real estate investing groups & Meet-Up in NYC. Looking forward to interacting with all of you.

Cheers,

Wendy

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All Forum Posts by: Wendy Liu

Wendy Liu has started 2 posts and replied 9 times.

Post: New Haven, CT Real Estate Market

Post: Trenton NJ

Post: Trenton, NJ

Post: New member from Jersey City, NJ

Post: New member from Jersey City, NJ

Post: New member from Jersey City, NJ

Post: New member from Jersey City, NJ

Post: New member from Jersey City, NJ

Post: New member from Jersey City, NJ