Investing in New Jersey Real Estate: Getting Started

While not cheap, real estate investing can potentially be what gives you the financial freedom that you have always wanted. The potential for return when investing in houses for sale in Essex, New Jersey, just cannot be understated. In fact, at 11.42% since 1970, the average annual return on real estate is bigger compared to S&P500 at 10.31% during the same span.

Of course, investing in real estate properties in New Jersey isn’t easy. It’s complicated, and it’s especially intimidating for first-time investors. But, if you start small and do it consistently, you can do it. It also pays to have some help, which is exactly what we’re going to do here.

Set Specific Goals

If you want to look into houses for sale in Hudson, New Jersey, do it. If you want to look at properties in Essex, do that. What’s important is that you have some clear goals in mind. You can’t just go in blindly and start investing your money in every property you can find.

A good example of a goal is to “make $100,000 in a year by buying four properties and flipping it for at least $25,000 each”.

It’s specific, measurable, realistic, relevant, and has a set time-frame that you can work towards achieving.

Know Where You’re Going to Get Money

Unless you happen to be born to a rich family, you likely won’t have the money to pay for New Jersey houses upfront. Figure out where and how you’ll get financing first. The rest can take a backseat for the meantime.

There are two ways most real estate investors secure financing: banks and private lenders. Of the two, you should be wary of working with the former. The rules set in place usually heavily favor them. Meanwhile, even though private lenders are just as careful, they’re usually willing to work out deals that are structured in a way that mutually benefit both parties.

Plan it Out

So, you already have a specific goal in mind and you know where you’re going to get your money, what’s next? It’s time to plan.

Usually, this involves deciding between flipping houses for sale in Essex, New Jersey, for profit, or renting properties out. Each business model carries its own risks and advantages that you’ll want to study extensively so you don’t end up wasting your time and money.

Don’t Underestimate Crowdfunding

To get money to invest in real estate, you have to get creative. A lot of budding real estate entrepreneurs these days have turned to crowdfunding to get their start. Essentially, what this means is that instead of funding a property on your own, you join other investors via a crowd funding platform and own a small share of the project. Although this lowers your profit considerably, you won’t have to spend as much money upfront as well, and the associated risks are much lower.

As is with anything else, make sure that you study each platform first. As a general rule of thumb, you’ll want to go with a crowdfunding platform led by trustworthy real estate professionals that have a track record of delivering. Also, keep in mind that your share from crowdfunding is very rarely liquid, so don’t expect to be able to sell it for quick cash in case of an emergency.

If you’re interested in investing in the many houses for sale in Essex, New Jersey, good for you. It may be a painstakingly long and complicated process, but if you do it right, you could be the next in the long line of millionaires who made their money this way.

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business more
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or more
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy more
Chelsea Grant
Chelsea Grant
15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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