Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Investment Properties in 07030 : Real Estate Advice

  • All226
  • Local Info34
  • Home Buying118
  • Home Selling10
  • Market Conditions10

Activity 4
Sun Apr 23, 2017
Kathy Burgreen answered:
Definitely remodel the kitchen and you can easily increase your rent. Hoboken is about a 15 / 20 min. train ride to Manhattan and anybody will pay a higher rent to live there because your increased rent is still about 1/2 of what is being charged in Manhattan & Brooklyn. Are you kidding me? ... more
0 votes 1 answer Share Flag
Wed Aug 27, 2014
Karina Abad answered:
Hello Jas, thanks for your question. I believe it is all relative. You should sit down with an experienced agent to determine which is the better investment by property - individually - not by theory. You'll want to identify units that have the best potential for higher appreciation such as a unit situated in an area with growth, or a unit that will benefit greatly by upgrades.

Two bedrooms make up the majority of condo property in Hoboken. Two bedrooms have more longevity in terms of renting with stability. However, with that said, one bedrooms can be excellent buys. Case in point - I just sold one of my investor clients unit. A one bedroom she bought with me less than 3 years ago for a 37% appreciation gain.

That's impressive.

Hope this helps!
... more
0 votes 2 answers Share Flag
Sun Mar 9, 2014
Ks07078 answered:
Robert, I have the same question as you - what would be the best area to buy a condo for rental income investment purposes, while ensuring there is some price appreciation as well. Saw the great advise from various agents here. Would you mind sharing what you found and perhaps what the experience has been like?

For others with expertise in the matter, what would be the right place to invest 300 to 400k rigt now?
... more
0 votes 7 answers Share Flag
Search Advice