[quote=spdrun]One is in NYC proper, the other in DC area. Offers out on a 3 unit + 1 commercial in NJ as well as a condo renting at 7.5% cap (or more) in a nicer part of SD. And yeah, if I don’t get the 3+1, I looked at several properties in the low to mid $100k range this weekend that I’m happy to offer on.
Lastly, stats came out today. NJ is down 0.9% Y-o-Y since last year, so hellz yeah the opportunities are good.[/quote]
That’s it? Just 7.5% cap rate? I was expecting 12-15% cap rate by the way you’re describing NJ. May I ask why are you buying all over the place? Wouldn’t management cost kill your profit? You can’t possibly fly to SD, DC, NJ, and NYC to handle with repair by yourself.