Looking to get into buying and then renting out real estate

[DannyHobkins]

Id stick to what you know and what you're familiar with and can handle. Different areas have different demographics and different problems you may be dealing with as a landlord.

[ansky]

Originally Posted by jaymoney

My old landlord told me too many horror stories about tenants that I'll never be a landlord. He was always just tired and stressed.

I have heard that too. I used to work with a guy that rented out a condo. His phone would ring non stop every day with the tenants calling about all kinds of issues. He ended up doing a short sale just to get rid of the property.

[jaymoney]

I think it would be fine if it was your full time job or you hired a superintendent, but then a) that's not an investment anymore, just another job or b) now you're spending money to try and make money and further impacting your time before a positive return.

[JerseyGirl08]

Condos and town homes don't usually work out as good investments. 2 family houses are the best way to go and owner occupied is a great way to keep tenants in line.

Elmwood Park, Saddle Brook, Fair Lawn, Lyndhurst and East Rutherford and Carlstadt seem to have 2 families that have rents that cover expenses well enough.

Maywood has had some decent 2 family homes but there is nothing listed currently.