He told me that given that I was still fairly new to investing (5 years) that I should consider the benefits of having the extra cash on hand either for emergencies or for future down payments on additional properties.

I personally wouldn't buy a condo as an investment property unless you don't have a primary residence and plan to house hack it (e.g. buy a 2 bedroom and live in the unit and rent out the other bedroom).

According to accounting firm Deloitte Private, the number of single-family offices, or in-house investment service firms of families with a net worth of $100M+ is expected to rise nearly 25% from 8,000 to 10,720 by 2030.

- What data points do you consider the most when looking to invest in a market?

I'm so glad to have found this online community and resource to help me get started on my real estate rental investment.

I can see in his case where it was a day or 2 then done, but I think a longer stay would create a better opportunity to re-rent the space.

And that's even using the high rent estimate, a low vacancy rate (8% would be more realistic), and a very low property management expense (10% of rents is pretty standard), just for starters.If you personally were going to live in this property, it would likely be a slam-dunk...... but, as an investment, it's a money-loser!

They can help ensure that you fully understand the terms, any potential risks, and the implications for your investment.

Change your story each month as different stories will resonate with different people AND use each story to emphasize one of your “who do you know…” questions.As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.One last thing – we recommended you create a Status column on your spreadsheet, now we’ll explain why.

Happy to answer any questions on the Jersey City market.  70% of my clients are moving from NYC and it is a great place to invest in.