Hi Sri,

I hope by now you have found the ideal investment property. However, if you have not then I offer the following:

You did not indicate whether you are interested in commercial or residential investment. If the interest is residential, and you are willing to travel a little north, I suggest you consider the Franklin Township area because there are several properties on the market now that you might be interested in seeing.

Gloria Laughton Allston,REALTOR, GREEN, SRES
COLDWELL BANKER RESIDENTIAL BROKERAGE (Hillsborough) http://www.CentralNJHomes4U.com

Sri

There are certain things you need to look for an investment property and without proper analysis, it is very difficult to decide. A knowledegable realtor can do these analysis and help you out to find the right property at good price .

So let me know if you need any assistance, I can help you out.

Regards
Devkumar
Keller Williams
dev@devrealtor.com
732-322-7255

Hi Sri, I know quite a few of them...........Best Buys get in touch I would be happy to work with you.

20 years experience can take the stress out of buying.

Krytex@aol.com
Joyce Begg

Sri,

A good agent wants commitment from a buyer at the very least ..........unless you sign a buyer's agency agreement with them.

Knowledge & experience is a valued commodity in our industry & for many good agents , comes from working hard 'in the trenches'

For an agent, with the above-mentioned qualities, to commit to helping you............you need to demonstrate preparednedness & loyalty.

That means:-

Be accessible with phone email & open about your requirements & financial situation
Be preapproved by a reputable lender.
Not working with multiple agents
Partnering with a Realtor with trust. loyalty & commitment.

Short of that you'll be posting on boards like Trulia & have either eager agents responding or those with listings to sell.



Regards,
Shalu

Sri, if you are primarily interested in access to train and will consider New Brunswick (and higher price) I just listed( 2) 2 family homes in New Brunswick that also have a 2 card detached garage just 2 blocks from RWJ hospital (near train and campus) $560K list price and per assessor should have market value of over $830K (double lot) not on trulia yet but soon

Kenneth "Ken" Verbeyst CRS GRI ABR SRES GREEN
Broker-Associate
Prudential Fox&Roach
Princeton

If you are still looking around, let me know I can help you with more detail analysis

Regards
Devkumar
Keller Williams Realty
732-322-7255

Sri,
many opportunities, suggest you speak directly with agents who cover areas you seek and have experience there. I own 3 investment properties similar to what you seek and am always happy to help clients do the same.

Sorry I missed out Hamilton in my areas of interest.

Thanks
Sri

Hi Guys,
Thanks everyone for your replies. Appreciate your input. Please find below the further details of my requirement

1. I'm looking for townhouse/sfd in West windsor, Plainsboro,Princeton & Lawrenceville areas.
2. Should have very good rental potential (atleast $1500-2000/month) (close to train station to NYC or any other features that makes it more attractive for renters is desirable).


Thanks again
Sri

Hi Sri,

Central Florida is the place for an investor to be right now. Prices have fallen further than in many other parts of the country and there is a very good inventory of bank owned properties available cheap. With your budget you could easily pick up two (maybe even three) properties in my area and could expect rents on the order of $1,000 to $1,200 on each.

A large part of my my site is devoted to questions like yours as I got started as a residential rental investor as well. Hopefully it will give you a couple ideas you may not have already considered.

Good luck with your search.

Sri,
The 08540 zip code covers far more than Princeton. Last year I sold What I believe was the least expensive sfd home in Princeton. It needed total rehab and sold for $300K after credits.
What kind of return are you looking for and should the home be a condo or sfd or multi? Must it be in Princeton (if so as Bill indicated you have about zero chance even in this market) Currently I have a 2 family in Hamilton on market at $224,876 PVRM. Current rents total at $2K per month.
Kenneth "Ken" Verbeyst CRS GRI ABR SRES GREEN
Broker -Associate
Licensed PA&NJ

Hello, Sri!
How are you doing?
You can take into concideration north, west and north-west of NJ.
SIncerely,
Yelena Tsuladze
http://YelenaSellsHomes.com

Hi Sri,

I just worked with a buyer who bought for investment reasons.

Please contact me directly & I'll be glad to suggest some communities that have a good rental turnover.

There are some good options in the areas of Plainsboro, West windsor, Princeton & Lawrenceville.

Regards,
Shalu Thaman
Realtor.ePRO
Keller Williams Real Estate
Princeton NJ 08540

ShaluThaman@gmail.com
609.577.5861

My listing at 229 Rogers Avenue in Hightstown might be just what you are looking for as it just got reduced from $288K to $250K. Send me your e-mail and I will send you te details.

Sri:

You are probably NOT going to find one in that zip code. If you do, you are probably going to have to do extensive and costly repairs. However, the stock of rental properties in nearby areas at that price is extensive. Some are cash-outs of investors who see the opportunity to do just that. They have other projects in mind. If you'd like to pursue your goal, you should find a Realtor with experience in the area and in that phase of the business. I'd be willing to sit down with you and go over the prospects of this investment and the terms under which I'd work with you, should like to do so.