Multi-family's - Where To Start Looking ? NJ..
Hey guys,
newbie investor here.. VERY newbie... I've been reading on these forums for a while and think purchasing a MF property might be a good way to start out as a REI..
What's a good place to start? Like agents, brokers, newspapers, online sites (like ****Must Reach Senior Investor status before posting URL's***, MLS ) ??
So far, I've just started searching online, and newspapers, and most of the houses here in NJ seem overpriced.. Atleast by these methods..
any help is appreciated..
thanks.. !!
NJ is ripe with opportunity. Your best bet is to start here on TCI Realty. Then contact a broker and ask him for that property that hasnt sold in a couple of years, or get the expired MLS listings. These owners will be desperate and you will have better leverage. Also you should contact your local Real Estate Investing club, they usually meet once a month and will help you out.
Good Luck,
Kyle
kyle,
thanks for your reply..
Really? NJ is ripe with opportunity?? cool..
Houses that havn't sold in years??? Never tried that, but i'll try to give it a shot... THe expired MLS sounds good, would that be avaliable from a agent or just a broker..
thanks.. this site is great..
DX,
Anyone that has access to the MLS can get you the list. a broker or agent will do. When I was in environmental work I did some work in Cherry Hill. There were a lot of properties for sale from realtors that didnt advertise very well. It seemed like there were more realtors than properties for sale. If you can find a smaller hungry realtor to work with you, then you should be able to get some good info. Usually as long as they are making money they will take care of you.
Kyle