Starting Out

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This topic contains 2 replies, has 2 voices, and was last updated by  nicktang 7 months, 1 week ago.

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  • #1904

    nicktang
    Keymaster
    #2074

    Emmanuel
    Participant

    Hello Nick;

    I would like to know, since you are the master in the Newark area, what do you think about South Ironbound, Newark.
    I am looking at a deal which looks like this;

    -2 Family fully renovated.
    -2b/1b each unit
    -$4600 approx taxes/yr
    -$1100 approx for rent per unit but my research could be wrong.
    -Priced at $275000

    please let me know what you think about this deal.
    Also, like you recommended me, I applied for Jim to pre-approve me.

    #2311

    nicktang
    Keymaster

    Sorry for the delay response. Emmanuel i think south iron bound is better then a majority of Newark but man will the numbers break even there?

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