Again, if you're just wanting real estate exposure, why not buy a SFH rental nearby with $500k down?

Would love to hear your thoughts on the 64110 zip code. look at the google street view of that property and near by it... it's rough.

I was initially thinking to purchase it and use it as co-living space for workers at a nearby auto-manufacturing plant, but am considering what other uses would make sense.

However, if you aim for a higher property value, it hinges on the comparables in your market.I suggest assessing the project's cost and comparing it to the values of similar properties nearby.

Purchase price: $190,000 Cash invested: $38,000Found this property while listing one of my nearby properties for rent.

Without knowing the house price range you are looking for, but if you are looking for the range between 350k and 550k, you can still find multifamily houses in Jersey City (07304, 07305), Bayonne, and nearby areas.

If my tenants have a good first year, before their notice is due, I send a renewal notice that has a 1-yr option near current market rents and a 2-yr option at slightly less, and I usually include a list of nearby rents so they can see they won’t get a better rate if they move.

Developing contacts with other investors may lead to useful information, assistance, and even joint venture prospects.Examine the several financing choices that are available for buying houses, including conventional loans, FHA loans, VA loans (if appropriate), and even portfolio loans from nearby credit unions or banks.You might think about contacting mortgage brokers who focus on investment homes.

A little relationship building with yogis, wellness types, knitting clubs, anyone nearby who needs an event site now and then and you should be good to go.

This free-standing building is in a 0.82 acre lot built in 1987 and renovated in 2007 with plenty of parking space (high traffic by the major road / near by ASU).