There maybe a little room to raise rent, but it is unlikely to cover all of it (and that is not accounting for any future expenses, such as capex or maintenance).

There maybe a little room to raise rent, but it is unlikely to cover all of it (and that is not accounting for any future expenses, such as capex or maintenance).

Hi everyone,My family is planning to move from NYC and buy a home in northern NJ in the near future (likely Montclair/Maplewood/SO). 

Do you feel like there are other areas nearby that might have similar gains in the future? 

My recommendation would also be to get the highest liability coverage available on your landlord policy and then to follow that up with an appropriately sized umbrella policy considering all your assets, future wages and growth of both.

Vernal has seen a down swing in house prices and I’m wondering what your opinion is on current trends and the future.

We did advice the police of the illegal entry so it's documented should this issue surface again at a future date.Thank you again for sharing...I'm really looking forward to adding value to this project and continuing to make improvements!

Thanks for taking the time to respond, yeah I think in my case for now is to have a long loan so I can free up some Cash now and hopefully be able to make extraPayments in the future to make upFor it.Thanks!

My suggestion is run it by attorney including the above clause to see if it is something you can begin to implement in future leases, to at least give you something to fight with. 

I'm not saying that I don't appreciate some of the motivational content but at this point I'm already sold on RE investing and just want as much substance as possible.So, in a nutshell, for me and anyone else who stumbles across this post in the future: Knowing what you know now, what book would you start with and then what would be your next 2-3 steps after that?