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Investment Properties in New Jersey : Real Estate Advice

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  • Local Info89
  • Home Buying1K
  • Home Selling171
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Activity 167
Thu Jun 8, 2017
Ibrahim Hughes asked:
Are there any agents who have local mobile home experience? Looking for a little insight on the market and eventually post rehab representation on the sale. Thanks in advance!
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Sun May 28, 2017
Kathy Burgreen answered:
First of all, have you thoroughly investigated the demographics of Atlantic City? The entire area has plenty of low income residents and many are on Section 8 which is government assistance. Residents cannot afford high rents and the unemployment rate is high.

You need to investigate whether there is enough people who are looking to rent AND can afford the high rents that you want. For those residents with jobs, what is their income? Are residents employed in lower income jobs or higher income professional jobs? The lower income jobs cannot afford high rents.

As for honoring the current lease - yes, it's the law. You also need to notify the tenant a specific number of days before the lease expires as to whether or not you will renew it and for how much.
... more
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Sat Apr 29, 2017
Robert Greenblatt answered:
Hi Akazlak2,
Depending on the type of work which needs to be completed for a particular project, building Permits may be required, and consequently will require a licensed contractor. You can certainly manage the project and fire the contractors directly.
Best of luck!
- Robert Greenblatt
... more
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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
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Mon Apr 17, 2017
Lorilopez85 asked:
Why should You be an Apprentice?

The money/profit is an obvious reason (You can easily double, triple or quadruple your current income)
You set your own hours
You can spend more time…
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Mon Mar 13, 2017
Joy asked:
I have a 1br condo in spotswood that is in foreclosure. My parents have a 3br duplex in woodbridge also in foreclosure. We want to move in together but have limited funds for a down payment…
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Tue Mar 7, 2017
Rajshree Banerjee answered:
Hi Krishna- When a property has a protected tenant, it means you cannot evict the tenant, unless they violate the lease terms in any way for the lifetime of the tenant under whose name the lease is. Please be very careful before bidding on such properties and have an attorney go through all details. Contact me and I will help you find well priced properties, with no cloud on them. ... more
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Tue Jan 3, 2017
Jasmin Henderson answered:
Hi Fred I have buyers looking for Investment Properties. Are they for sale by owner or are they listed with a Real Estate Company? Please call or email me to discuss. 856-318-4233 or ... more
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Mon Dec 19, 2016
Oquendobriscoe asked:
There's a property I'm interested in in new jersey. It's zoned:BA.
The listing says: office, hotel-motel, and commercial.
I contacted the listing agent but it seems this man was having…
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