Some say we have to buy the house with them or we paid too little for the property and finally after going back and forth and submitting all our paper work and paying for appraisal they now tell us they didn’t realize that the property had so many bedrooms and they said they do not loan to properties with so many bedrooms.

Northern New Jersey has very little land, therefore the price to buy land is too high unless you somehow get it at a great price.

Investment Info:Single-family residence buy & hold investment.

It'll take some time but I see Anthem and all around the plant growing significantly over the coming years, small multifam and sfh's may be a good buy up around there.

AND there aren't many note buyers who will buy notes with large balances in the range you mention. 

Hey @Sidney Duquette so I am not a fan of buying properties that can't perform with the hopes that it will build equity to offset the losses.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

You should just buy in Georgia...that’s it!

You're better off focusing on specific markets, specific neighborhoods, analyzing numbers, and building an ideal buy [box].

Investment Info:Single-family residence buy & hold investment.