I was wondering if purchasing a rental property in the city is a good idea right now.

Purchase price: $150,000 Cash invested: $75,000 3 family.

I am purchasing a property that was built in 2022 and it is a SFR.

Ideally, try to save as much as you can and keep expenses down while you go through the process of purchasing the property. 

I am thinking about purchasing a turnkey property from padsplit and the property is currently being managed by "Two Keys".

You can do the math, but assuming it takes 6 months to get your money back you will be floating these types of purchases with cash or hard money loans. 

Hello Bigger pockets community, I'm brand new to the real estate game and recently purchased my 1st property.

In the end, I prefer the long-term rental route with a good tenant though and over time when I start traveling for extended periods again, I will likely shift them back to long-term.I personally, would not purchase a property for the sole purpose of being a vacation rental - it's just not part of my investment strategy though, I have met people who do quite well with that model. 

The vacation property was purchased in 2017 for $500k and currently valued at $1.3mil. 

I am considering purchasing a large 2 family in the Bergen-Lafayette area of Jersey City with plans to convert into two condos (plans area already in place).