People in the US cannot imagine what it is like to stand in line starting at 3:00 am in hopes that the price controlled food store might get some food that day and if it does, that it will not run out before you get there.

Hello all, from Jersey City.I'm John and my family and I currently own a house that we are having renovations done to in the Jersey City (Journal Square 07306) area, which is in a very good location for potential renters since it is close to: (transportation, food places, one train ride away from Newport Mall, etc)The property has gone through appraisal and after, was appraised at a pretty good value in the $350k+ range and I am wondering what to do to get started in real estate investing.I am interested in having it rented out but also POSSIBLY selling it, and getting multiple properties with a large amount of rooms (3-4+) that I can have rented out for cash flow.If any investors are in the 07306 area or have experience with investing in Jersey City, feel free to provide some feedback and some strategic insight.

Rotten food, dog crap, sex toys, drugs, boxes of junk, and really just decay and my business that I took 8 years to grow collapsing.

Food luck.

Just food for thought.

You do need to make sure all food is out of the home.

my father rents year round to a family of mexican americans in south jersey. in the summer, we got a call from one of the neighbors that at 11pm there was 66 people in the backyard that consists of just a deck and a small grass patch. yes, she counted 66.

Just a food for thought.

You're assuming the mortgage payments are investment costs when it fact they're living expenses in the case of your residence.If I'm able to save $5,000 this year from my investments but spend $5,000 for food during that same period (big eater), have I just broken even?

That's not including the sites with electric/lighting, permanent tenants, food vendors, and storage facilities they have on site.