I have my real estate license....somewhat new to it. My husband and I are looking to buy our first house. We currently live in Manasquan, I have my whole life and don't want to leave. We can't afford it. Our goal is to move to Brick for a few years and hopefully make some money off of a house, so that we can move back to Manasquan before our son goes to school. We have found a few different homes...we don't care if we make a ton of money off of them, as long as we don't lose any....you think we will be ok? or do you think Brick real estate is staying where it is?
I have no idea of the NJ market but since you'll be speculating my suggestion in the current market is to look for for sale by owner. Save your credit for future big big big transactions.
NJ real estate ballooned way to fast from 2001-2006, and since has tailed off considerably. it should be a little less profitable for awhile. the problem is as you live in Brick both areas will increase in value, but after time you will know if you can handle a bigger payment or not, and you might actually find yourself making very good money after a few years in Real estate. Learn your job well, and you will get back in Manasquan...but I would tell you from my experience get the hell out of NJ, it is a rip off, I lived there for 27 years, there are so many better places to live.
