Good morning Michael, The answer to that question depends on so many factors. What is your situation right now? Will you be living close enough to manage your own rental? Compare the rental amount to the sale outcome to see which works best for your future investment plans.
I'll be happy to meet with you to consult your options and help you work out all of the logistics which will ultimately give you peace of mind with the decision that will work best for you.
Have a great day and please call or text or email with any specific questions.
Tere Episale .. Century 21 Crest Real Estate .. Pompton Plains... more
HELLO AGAIN, PERFECTHOME; I HAD ANSWERED YOUR BASIC QUESTION ON 8-19-11 ABOUT A MODULAR HOME, HOPEFULLY YOU HAVE READ IIT; NOTICED YOU HAD A FEW MORE RESPONSES AS WELL; ARE YOU IN THE PROCESS OF DOING A MODULAR OR ARE YOU DOING RESEARCH, CONSIDERING DOING ONE? I AM VERY VERSED IN MODULARS AND HAPPEN TO BE A BELIEVER IN THEM AS WELL; VERY IMPORTANT THING FOR YOU TO KNOW ABOUT EQUITY, APPRECIATION IS, ASSUMING YOU HIRE THE RIGHT PEOPLE, PROPER SCHEDULING AND GETTING YOUR HOME TO A -TURNKEY STATUS- IN A REASONABLE AMOUNT OF TIME IS VERY IMPORTANT; ASSUMING YOU ARE GOING TO DO AT LEAST A 3 TO 4 SECTION (BOXES) HOME, WHEN DONE, YOU SHOULD HAVE APPROX 20% EQUITY IN THE HOME ALREADY, THE DAY YOU CLOSE THAT MORTGAGE; THAT, IS GREAT APPRECIATION AND --NEW-- ALWAYS IS MORE SOUGHT AFTER THAN A TRADITIONAL RESALE; SHOULD YOU WISH TO DISCUSS THIS FURTHER, I AM AVAILABLE TO SIT, CHAT AND GUIDE YOU, TO ACHIEVE YOUR GOALS; ALWAYS AN IMPORTANT FACTOR IS LAND, WHICH --YOU-- USUALLY HAVE TO FIND YOURSELF, THE MODULAR COMPANIES DON'T DO THAT FOR YOU, NORMALLY; I AM ALSO VERY VERSED IN LAND AND WHERE TO FIND THE RIGH ONE; TO CONTINUE THIS CONVERSATION, JUST CALL ME 973-248-9293 OR E-MAIL ME JERSEYGEORGE@AOL.COM AND PUT -MODULAR- IN THE SUBJECT MATTER; LOOK FORWARD TO HEARING FROM YOU; GEORGE "SERVICE" CONKLIN... more
You will have several choices depending on whether you will want to drive a short distance 1st and if you prefer the train or bus. A bus does stop at the light on Ringwood Ave frequently, or you can drive to the station at Route 23/46 for a direct. There are also train stations nearby. Best recommondation is to check out NewJerseyTransit .com http://www.njtransit.com/hp/hp_servlet.srv?hdnPageAction=HomePageTo
Great luck and Happy 2010... more