Ask Matt: Is Now A Good Time To Buy An Investment In Atlantic County, NJ? If So, Where Should You Buy? Brigantine, Ocean City, Atlantic City?

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Real Estate Agent with Keller Williams Realty Atlantic Shore
I was recently asked the following question and thought I would share it with you…

QUESTION:
I am looking for a single family house for investment in Atlantic county. I would like to rent it out for income. I don’t know too much about the area, but I am thinking about Brigantine, Ocean City, etc.

My preference is at least 2 bed and 2 bath single family and my budget is low 300k.

I wonder if you think now it is a good time to buy and which city is a good buy? Is Brigantine a good location for investment?

RESPONSE:
Now is a good time to buy in Atlantic County if you plan on keeping the home for the next three to five years. There are three new Casino projects planned that will produce roughly 24,000 jobs three years from now. This should increase the demand greatly causing appreciation.

To accurately answer the questions I would need to know how much money you were planning to put down on the property. That will help determine whether or not you would get positive cash flow. In your price range for a single family home Ocean City is probably not an option. You will have a few to choose from in Brigantine. Atlantic City may be the best option out of the three with more homes available. You just have to be careful in choosing the right neighborhood.

Another option I would consider is purchasing two condos on the mainland (Galloway area). For $300,000 you could purchase two condos each with two bedrooms and two bathrooms.

I am available for consultation to any investors looking to invest in Atlantic County. Now is a great time to buy and invest in Atlantic County. Please call me or email me for more on how you can cash in on the current market opportunities. Call me at 609-916-7342 ext. 704.  Best wishes, Matt

Posted by

Matthew Haviland ~ matthew@HavilandGroup.net  ~ 609-484-9890 ext. 132

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