Hello, I'm looking to Invest (buy and rent) properties in New Jersey. Does anyone have a suggestion on town or city? Currently looking at Bloomfield.

Looking to invest in single or small multifamily homes in Northern NJ. Buy/hold/rent strategy. Interested in class A/B neighbors.
(0) | asked by: Eric White | share | 21 months ago | Report
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answer by CAROLYN GIANDONATO    |   Visit My Website   |   Contact Me
Have you ever thought about investing in properties in Southwest Florida? Quite a lucrative market with rents skyrocketing. I sold everything I owned in NJ 3-4 years ago and bought in Cape Coral. Making a killing.
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19 months ago  |   Report   |   share
answer by Dawn Pugliese    |   Contact Me
I deal with a lot of clients purchasing investments properties. Firstly I would decide on an area that will yield the most rental income for my initial investment amount. I like towns like Tenafly, Cresskill, Demarest, Fort Lee, Edgewater and some of the other surrounding towns. The rents are usually higher, especially if you purchase your property June/July when tenants will pay a premium to utilize the good school systems etc. Please feel free to call me with any questions and I can also email you some of my choice properties! Thank you, Dawn Pugliese Associate Broker at Sotheby's-Alpine
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answer by Barbara Gargiulo    |   Visit My Website   |   Contact Me
I think Bloomfield is a really good town as it is going through a lot of revitalization by the train station and I think there is good opportunity for upward values. Depending on your price range, and immediate/long term goals, there are certainly other towns in close proximity that could also be possibilities. When I work with investors, it is all about the numbers. Don't hesitate to give me a call on my cell phone, 973-715-2605, so we could discuss in more detail. Have a good night-Barbara
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answer by Peter    |   Visit My Website   |   Contact Me
You would have to do a little more research to find the area you would like to own in. This website has some basic demographic information so you can pinpoint your preferences. Hopefully when you find a location we can connect for your financing needs. Getting investor property mortgages get a little tricky sometimes.
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21 months ago  |   Report   |   share
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