It can be an exciting ride up but you need to know that over building or a major shift in cap rates can have a dramatic effect on valuations.

That's where a lot of investors get into trouble -- by assuming they can just ride an imaginary wave -- rather than doing their homework and buying right.I certainly believe parts of Jersey City present a great opportunity.

Most agents don't respond to texts/emails/calls in a timely fashion regardless.

those that are over leveraged like using floating rate helocs to leverage up take on more risk when rents fall.those with long term fixed debt and decent equity positions and substantial reserves will be able to ride it through. markets are always changing up down sideways ..

Get ready for a wild ride!

You can also "tour" the neighboring properties the old-fashioned way - pretending you want to rent and then chatting up the property manager.

There is no free ride, even in real estate.

Call me old fashion but it feels like not everything can be done to professionally manage a property from Boston (Knox HQ).

You give then a free ride at your own expense - your expenses go up every year !!!

So I wouldn't be able to find someone to pay (or come close to) that in a timely fashion because its waaaaaaay above what the area warrants even though its a fully renovated property.I decided perhaps I could shoot for a DSCR loan to cash out refi and then rent from there but due to the rent avg in the area being so low versus what the DSCR monthly rate would be, I wouldn't qualify for it.