I offered 8% interest only, but firm (so if I did not have a deal and the funds were sitting idle, I would pay the 8% out of my W2).

I’m a millennial, so figure people can google whatever they desire.

I own a business brokerage firm, Stratton Business Brokers, and am a commercial real estate agent at Commercial Market Exchange.

Actually sit down and evaluate deals in those markets to see if they line up to your desired metrics.

It depends on a variety of factors: your goals, your time constraints, your available capital, your desires, your timeline, etc.

What made this property extremely desireable to me was the 1 mi road frontage on two different roads.

Understand the NJ markets, such as Northern NJ, Central/Southern NJ, and Jersey Shore, and focus on building relationships with those active in your desired areas.Good luck!

Now I am in the early stages of development.I am working with a consulting firm to help with a concept plan, engineering, and to get the city to sign off on everything.

First of all I put my acceptance criteria clearly in the ad: minimum credit score (enter X amount, 620 is what I use),income 2-3x rent, good rental history, references, no evictions, acceptance dependent upon background check and employment verification, pet policy, desired lease term, etc. so that people will hopefully read that and not come to the open house if they know they won’t qualify.

There's room for flexibility depending on the desired tax strategy.Once you have more than a few properties, you'll want to consider software.