New Jersey Grows with Income Property Investing
NJ has risen to be named one of the top states for income property investing in 2014. Find out who’s investing, why it’s so hot, and where to access the best investor mortgage financing…
NJ: Small State, Big Wealth
While New Jersey is one of the smallest states in America, it is also the most densely populated, and considered to be the second wealthiest in the US.
According to Politifact there are more engineers and scientists per square mile in NJ than anywhere else on the planet.
While New Jersey is the only state officially designated as entirely urban, only 4 municipalities had 100k+ populations as of the 2010 US Census; Newark, Jersey City, Paterson, and Elizabeth.
While NJ has had one of the highest rates of unemployment in the US, the state has reportedly regained 150k jobs as of Q3 2014.
Diversity continues to be New Jersey’s strong suit. This is especially seen in the real estate market.
New Jersey Real Estate Statistics & Trends
According to leading industry publication Realty 411 Magazine, New Jersey home prices were still 22% below their 2006 peak as of Q3 2014.
The magazine also highlights the fact that industry mogul Barbara Corcoran (of ABC’s Shark Tank) named NJ capital Trenton as one of her top US markets for buying rental property. It’s also a popular destination for income property investing with Wall St. traders.
According to HousingWire NJ ranks just behind New York for foreclosures, yet, is offering exciting acquisition opportunities.
Quick Stats as of Aug. 2014 according to the New Jersey Association of Realtors:
- Median sales price stands at $345k
- Days on market are down to just 73
- Pending sales are up by 2%
Rental Property Financing in NJ
To meet increased demand for income property acquisitions Rental Home Financing has rolled out new NJ investment property loans for both single family homes and apartment buildings.
Highlights of these new NJ rental property mortgages include:
- Expanded approvals for credit challenged borrowers
- Financing for foreign nationals
- Loan amounts from $500k to over $2M
- Non-recourse loan options
- No limits on number of properties owned and financed
Find out more about the parameters for NJ rental home financing…
State of New Jersey Real Estate Resources:
Landlord & Real Estate Law in New Jersey
- New Jersey Landlord and Tenant Brouchure
- New Jersey Landlord Tenant Law
- New Jersey Law in Review: Landlord Tenant Law
- New Jersey Security Deposits
New Jersey Investment Real Estate for Sale by the Government
New Jersey multi family housing may be available for purchase from New Jersey government offices.
Distribution and Support Services (DSS)Distribution and Support Services (DSS) maintains and operates a central facility for purchasing and distributing goods throughout the State of New Jersey, and for the sale of surplus State property.
State of New Jersey Department of the Treasury AUCTIONS & SALESDivision of Purchase and Property Distribution and Support Services
State of New Jersey through GovDealsUSDA-RD and USDA-FSA.
Government owned Multi Family Housing may be for sale by the USDA-RD and USDA-FSA.
To see if there are any RD/FSA rental properties for sale in New Jersey, CLICK HERE.
Contact us today to help finance your New Jersey investment property portfolio.
More than just a leading U.S. Blanket Mortgage Lender, Rental Home Financing is your partner for long term wealth building and cash flow generation. We’re invested in your long term success.
Contact us today and experience a refreshing new approach to financing investments…
Call today for more information: 888-375-7977 or CLICK HERE.