I just returned from an investor meeting in Las Vegas… A few of us met with or property supplier from Charlotte. Investing there is different than in Hoboken. There are many cash flow positive units to be had in up and coming neighborhoods. And the entry price is below $100k.
When a client tells me that they are looking for a Hoboken investment property it usually falls into one of two categories. A condo purchased for rent or a two or three family building for rent. Sometimes the building will have a little commercial space with it too. The MLS is setup to focus on larger properties so investors need to find a skillful realtors who can provide a detailed snap shot of the investment…more on this tomorrow.
Why Vegas when my property is in Charlotte? You should see the building boom going on there. …and where else can you see Wonderboogie?
Prime Real Estate Group
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Brian Murray is a broker salesperson at Prime Real Estate Group in Hoboken. As a broker, I have advanced training and a deeper understanding of the real estate market than a sales associate. I am Hoboken resident who has lived in Hudson County for the past fifteen years. I have been a full time realtor in Hoboken for the past thirteen years.
Brian really helped me with his knowledge in this crazy market. Could not have done it without him.