Investing 101

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Sometimes I’ll have clients call and say they want to invest in property in and around Hoboken. The two basic questions I ask are what type of place (residential, commercial) and what are the investment criteria. If a client can’t answer those questions then I usually steer clear or give them a bit of homework before we have other discussions.

The number one question to answer: How much can you put down and what do you expect in return?
See the down payment affects things like ability to get a mortgage, purchase price,and Return On Investment.

In Hoboken, usually the best you are going to do is to tread water. Meaning you’re hoping to find a property where with a 20-25% down payment, you can cover your operating expenses. Hoboken has been an equity play in the recent past. Cash flow investors head to the Heights.
Hoboken Condos
4 Bedrooms
Available 5
Sold past 12 months 3
Information deemed reliable but not guaranteed

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