CSTERGION, Other/Just Looking in Kinnelon, NJ

1st time buyer looking for an up and coming area in northern nj to buy a rental property?

Asked by CSTERGION, Kinnelon, NJ Fri Jan 20, 2012

under $250,000

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3
CSTERGION, GREAT QUESTION, WHICH LEADS TO A LOT OF VARIABLES; ARE YOU TALKING ABOUT A 1 TO 4 FAMILY HOME AND WILL YOU BE OCCUPYING ANY PART OF THE PROPERTY? AS A NON-OWNER OCCUPIED PROPERTY, WITH THE NEW MORTGAGE GUIDELINES, JUST ABOUT EVERY LENDER WILL REQUIRE A MINIMUM OF 25% TO 35% DOWN; WHEREAS, IF YOU OCCUPY A UNIT IN THE PROPERTY, IN SOME CASES YOU CAN BUY WITH AS LITTLE AS 3 1/2% DOWN, WHICH IS A BIG DIFFERENCE; UNLESS OF COURSE YOU PLANNED ON PURCHASING FOR CASH AND PAYING YOURSELF THE MORTGAGE & PROFIT? FEEL FREE TO CALL OR E-MAIL ME, WE CAN CHAT ABOUT THIS; GEORGE "SERVICE" CONKLIN 973-248-9293 JERSEYGEORGE@AOL.COM REALTY EXECUTIVES (PFFICE) 973-575-6700
1 vote Thank Flag Link Fri Jan 20, 2012
Well, the investment market has become increasingly attractive as prices have moderated.
We believe it it is a good long term investment, especially now.

Are you seeking Residential or Commercial?
Are you seeking an "Owner Occupied" situation?

We own 4 investments in NJ, so we are familiar with the "slings and arrows" a new investor will face.

Most importantly, take your time.
Educate yourself on the benefits and demands of Investment Properties.
Its a big decision
Web Reference: http://www.wayneO.org
1 vote Thank Flag Link Fri Jan 20, 2012
We live in the area. We just had a great one sell in Butler. Let us know if you would like us to put you on a local search. Thanks Julie Frerichs http://www.TheGoodLifeNJ.com
0 votes Thank Flag Link Mon Apr 9, 2012
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