New Jersey Real Estate Models
Check out how New Jersey does for these scenarios.
5% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
Net Worth at 40 Years
- Elizabeth = $5.34M
- Jersey City = $50.87M
- Newark = $5.41M
- Paterson = $3.92M
Month First Achieved Financial Independence
- Elizabeth = 58.75 Years (705 Months)
- Jersey City = 12.75 Years (153 Months)
- Newark = 56.75 Years (681 Months)
- Paterson = 67.42 Years (809 Months)
5% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
Net Worth at 40 Years
- Elizabeth = $4.13M
- Jersey City = $42.57M
- Newark = $4.23M
- Paterson = $3.05M
Month First Achieved Financial Independence
- Elizabeth = 67.58 Years (811 Months)
- Jersey City = 15.75 Years (189 Months)
- Newark = 64.00 Years (768 Months)
- Paterson = 79.75 Years (957 Months)
10% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
Net Worth at 40 Years
- Elizabeth = $3.73M
- Jersey City = $43.17M
- Newark = $3.78M
- Paterson = $2.97M
Month First Achieved Financial Independence
- Elizabeth = 65.58 Years (787 Months)
- Jersey City = 16.75 Years (201 Months)
- Newark = 62.50 Years (750 Months)
- Paterson = 75.75 Years (909 Months)
.5 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Elizabeth = $3.73M
- Jersey City = $43.17M
- Newark = $3.78M
- Paterson = $2.97M
Month First Achieved Financial Independence
- Elizabeth = 65.58 Years (787 Months)
- Jersey City = 16.75 Years (201 Months)
- Newark = 62.50 Years (750 Months)
- Paterson = 75.75 Years (909 Months)
Nomad to Short-Term Rentals with 75% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Elizabeth = $25.52M
- Jersey City = $107.89M
- Newark = $24.23M
- Paterson = $19.36M
Month First Achieved Financial Independence
- Elizabeth = 21.00 Years (252 Months)
- Jersey City = 9.50 Years (114 Months)
- Newark = 21.67 Years (260 Months)
- Paterson = 29.58 Years (355 Months)
10% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
Net Worth at 40 Years
- Elizabeth = $6.48M
- Jersey City = $51.85M
- Newark = $6.63M
- Paterson = $4.44M
Month First Achieved Financial Independence
- Elizabeth = 57.67 Years (692 Months)
- Jersey City = 12.50 Years (150 Months)
- Newark = 55.00 Years (660 Months)
- Paterson = 69.42 Years (833 Months)
5% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
Net Worth at 40 Years
- Elizabeth = $4.19M
- Jersey City = $45.09M
- Newark = $4.20M
- Paterson = $3.24M
Month First Achieved Financial Independence
- Elizabeth = 64.50 Years (774 Months)
- Jersey City = 15.42 Years (185 Months)
- Newark = 62.58 Years (751 Months)
- Paterson = 74.75 Years (897 Months)
10% Less Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Elizabeth = $1.48M
- Jersey City = $748.54K
- Newark = $1.85M
- Paterson = $1.09M
Month First Achieved Financial Independence
- Elizabeth = 88.75 Years (1065 Months)
- Jersey City = 47.08 Years (565 Months)
- Newark = 79.75 Years (957 Months)
- Paterson = 84.75 Years (1017 Months)
Nomad to Short-Term Rentals with 50% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Elizabeth = $17.03M
- Jersey City = $83.65M
- Newark = $15.90M
- Paterson = $10.50M
Month First Achieved Financial Independence
- Elizabeth = 33.75 Years (405 Months)
- Jersey City = 10.75 Years (129 Months)
- Newark = 33.75 Years (405 Months)
- Paterson = 43.75 Years (525 Months)
Nomad™ Start with $0
Do the traditional Nomad™ strategy except you start with $0 saved up.
Net Worth at 40 Years
- Elizabeth = $4.22M
- Jersey City = $40.21M
- Newark = $4.32M
- Paterson = $3.14M
Month First Achieved Financial Independence
- Elizabeth = 64.42 Years (773 Months)
- Jersey City = 16.75 Years (201 Months)
- Newark = 62.58 Years (751 Months)
- Paterson = 75.17 Years (902 Months)
Nomad to Short-Term Rentals with 25% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Elizabeth = $8.11M
- Jersey City = $59.85M
- Newark = $7.78M
- Paterson = $5.42M
Month First Achieved Financial Independence
- Elizabeth = 51.75 Years (621 Months)
- Jersey City = 12.75 Years (153 Months)
- Newark = 50.75 Years (609 Months)
- Paterson = 64.17 Years (770 Months)
10% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
Net Worth at 40 Years
- Elizabeth = $6.13M
- Jersey City = $54.24M
- Newark = $6.07M
- Paterson = $4.36M
Month First Achieved Financial Independence
- Elizabeth = 55.08 Years (661 Months)
- Jersey City = 12.08 Years (145 Months)
- Newark = 53.75 Years (645 Months)
- Paterson = 64.75 Years (777 Months)
.25 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
Net Worth at 40 Years
- Elizabeth = $4.92M
- Jersey City = $48.72M
- Newark = $5.00M
- Paterson = $3.59M
Month First Achieved Financial Independence
- Elizabeth = 62.50 Years (750 Months)
- Jersey City = 13.58 Years (163 Months)
- Newark = 59.75 Years (717 Months)
- Paterson = 73.92 Years (887 Months)
10% More Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Elizabeth = $7.59M
- Jersey City = $53.98M
- Newark = $7.61M
- Paterson = $5.98M
Month First Achieved Financial Independence
- Elizabeth = 54.58 Years (655 Months)
- Jersey City = 11.75 Years (141 Months)
- Newark = 51.75 Years (621 Months)
- Paterson = 61.75 Years (741 Months)
25% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
Net Worth at 40 Years
- Elizabeth = $4.98M
- Jersey City = $40.33M
- Newark = $4.97M
- Paterson = $3.47M
Month First Achieved Financial Independence
- Elizabeth = 63.00 Years (756 Months)
- Jersey City = 17.08 Years (205 Months)
- Newark = 60.75 Years (729 Months)
- Paterson = 80.75 Years (969 Months)
Nomad™ and Sell ALL Rentals if SWR Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
Net Worth at 40 Years
- Elizabeth = $4.69M
- Jersey City = $47.34M
- Newark = $4.77M
- Paterson = $3.43M
Month First Achieved Financial Independence
- Elizabeth = 59.75 Years (717 Months)
- Jersey City = 13.75 Years (165 Months)
- Newark = 56.17 Years (674 Months)
- Paterson = 69.58 Years (835 Months)
10% Property Manager While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
Net Worth at 40 Years
- Elizabeth = $4.25M
- Jersey City = $38.94M
- Newark = $4.35M
- Paterson = $3.15M
Month First Achieved Financial Independence
- Elizabeth = 69.17 Years (830 Months)
- Jersey City = 17.75 Years (213 Months)
- Newark = 65.25 Years (783 Months)
- Paterson = 82.75 Years (993 Months)
Baseline Nomad™ Scenario
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
Net Worth at 40 Years
- Elizabeth = $4.69M
- Jersey City = $47.34M
- Newark = $4.77M
- Paterson = $3.43M
Month First Achieved Financial Independence
- Elizabeth = 62.33 Years (748 Months)
- Jersey City = 13.75 Years (165 Months)
- Newark = 60.58 Years (727 Months)
- Paterson = 73.33 Years (880 Months)
Buy Non-Owner-Occupant All Cash As Renter
Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
Net Worth at 40 Years
- Elizabeth = $4.12M
- Jersey City = $6.35M
- Newark = $4.19M
- Paterson = $3.77M
Month First Achieved Financial Independence
- Elizabeth = 61.83 Years (742 Months)
- Jersey City = 36.67 Years (440 Months)
- Newark = 57.92 Years (695 Months)
- Paterson = 75.17 Years (902 Months)
3% Property Price Discount While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
Net Worth at 40 Years
- Elizabeth = $5.11M
- Jersey City = $49.43M
- Newark = $5.16M
- Paterson = $3.68M
Month First Achieved Financial Independence
- Elizabeth = 61.75 Years (741 Months)
- Jersey City = 13.58 Years (163 Months)
- Newark = 58.75 Years (705 Months)
- Paterson = 73.67 Years (884 Months)
Nomad™ and Payoff OO if Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
Net Worth at 40 Years
- Elizabeth = $4.69M
- Jersey City = $47.34M
- Newark = $4.77M
- Paterson = $3.43M
Month First Achieved Financial Independence
- Elizabeth = 59.50 Years (714 Months)
- Jersey City = 13.75 Years (165 Months)
- Newark = 58.08 Years (697 Months)
- Paterson = 70.67 Years (848 Months)
20% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
Net Worth at 40 Years
- Elizabeth = $4.80M
- Jersey City = $42.08M
- Newark = $4.81M
- Paterson = $3.35M
Month First Achieved Financial Independence
- Elizabeth = 65.92 Years (791 Months)
- Jersey City = 16.33 Years (196 Months)
- Newark = 62.92 Years (755 Months)
- Paterson = 85.17 Years (1022 Months)
Buy Non-Owner-Occupant All Cash
Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
Net Worth at 40 Years
- Elizabeth = $4.78M
- Jersey City = $17.66M
- Newark = $4.81M
- Paterson = $3.77M
Month First Achieved Financial Independence
- Elizabeth = 54.67 Years (656 Months)
- Jersey City = 24.25 Years (291 Months)
- Newark = 50.92 Years (611 Months)
- Paterson = 69.17 Years (830 Months)
3% Commission While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
Net Worth at 40 Years
- Elizabeth = $4.98M
- Jersey City = $48.89M
- Newark = $5.09M
- Paterson = $3.69M
Month First Achieved Financial Independence
- Elizabeth = 62.33 Years (748 Months)
- Jersey City = 13.67 Years (164 Months)
- Newark = 59.17 Years (710 Months)
- Paterson = 70.83 Years (850 Months)
5% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
Net Worth at 40 Years
- Elizabeth = $5.42M
- Jersey City = $47.75M
- Newark = $5.45M
- Paterson = $3.86M
Month First Achieved Financial Independence
- Elizabeth = 60.50 Years (726 Months)
- Jersey City = 12.92 Years (155 Months)
- Newark = 57.75 Years (693 Months)
- Paterson = 72.58 Years (871 Months)
10% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
Net Worth at 40 Years
- Elizabeth = $3.61M
- Jersey City = $38.84M
- Newark = $3.74M
- Paterson = $2.78M
Month First Achieved Financial Independence
- Elizabeth = 70.92 Years (851 Months)
- Jersey City = 17.75 Years (213 Months)
- Newark = 66.75 Years (801 Months)
- Paterson = 86.42 Years (1037 Months)
Nomad™ and Sell SOME Rentals to Payoff Others if FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
Net Worth at 40 Years
- Elizabeth = $4.66M
- Jersey City = $47.34M
- Newark = $4.76M
- Paterson = $3.34M
Month First Achieved Financial Independence
- Elizabeth = 60.42 Years (725 Months)
- Jersey City = 13.75 Years (165 Months)
- Newark = 56.25 Years (675 Months)
- Paterson = 80.75 Years (969 Months)
.25 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Elizabeth = $4.49M
- Jersey City = $46.00M
- Newark = $4.56M
- Paterson = $3.32M
Month First Achieved Financial Independence
- Elizabeth = 63.58 Years (763 Months)
- Jersey City = 14.75 Years (177 Months)
- Newark = 60.50 Years (726 Months)
- Paterson = 74.17 Years (890 Months)
No Real Estate, Invest in Stocks
Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
Net Worth at 40 Years
- Elizabeth = $4.08M
- Jersey City = $4.24M
- Newark = $4.06M
- Paterson = $4.06M
Month First Achieved Financial Independence
- Elizabeth = 59.75 Years (717 Months)
- Jersey City = 65.25 Years (783 Months)
- Newark = 57.42 Years (689 Months)
- Paterson = 59.83 Years (718 Months)
.5 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
Net Worth at 40 Years
- Elizabeth = $5.23M
- Jersey City = $50.21M
- Newark = $5.32M
- Paterson = $3.75M
Month First Achieved Financial Independence
- Elizabeth = 60.92 Years (731 Months)
- Jersey City = 13.50 Years (162 Months)
- Newark = 57.75 Years (693 Months)
- Paterson = 72.83 Years (874 Months)
Pay off mortgages early when Nomading™ with any excess cash.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
Net Worth at 40 Years
- Elizabeth = $4.68M
- Jersey City = $11.58M
- Newark = $4.67M
- Paterson = $3.81M
Month First Achieved Financial Independence
- Elizabeth = 53.00 Years (636 Months)
- Jersey City = 35.75 Years (429 Months)
- Newark = 50.58 Years (607 Months)
- Paterson = 58.08 Years (697 Months)
25% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Elizabeth = $4.24M
- Jersey City = $18.40M
- Newark = $4.45M
- Paterson = $3.29M
Month First Achieved Financial Independence
- Elizabeth = 70.83 Years (850 Months)
- Jersey City = 21.75 Years (261 Months)
- Newark = 66.75 Years (801 Months)
- Paterson = 82.75 Years (993 Months)
20% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Elizabeth = $4.01M
- Jersey City = $27.27M
- Newark = $4.26M
- Paterson = $3.05M
Month First Achieved Financial Independence
- Elizabeth = 70.42 Years (845 Months)
- Jersey City = 20.67 Years (248 Months)
- Newark = 67.00 Years (804 Months)
- Paterson = 84.50 Years (1014 Months)
Pay off mortgages in full early when Nomading™.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
Net Worth at 40 Years
- Elizabeth = $4.68M
- Jersey City = $47.80M
- Newark = $4.78M
- Paterson = $3.35M
Month First Achieved Financial Independence
- Elizabeth = 61.67 Years (740 Months)
- Jersey City = 13.75 Years (165 Months)
- Newark = 58.75 Years (705 Months)
- Paterson = 78.00 Years (936 Months)
More Model Comparisons for New Jersey
The following are the various scenarios we ran summarized with New Jersey cities highlighted.
- Is it better to put 20% down or 25% down when buying rentals? - First, we buy an owner-occupant property with 5% down then we start buying rental properties. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down or 25% down when buying rentals when you don't buy an owner-occupant property first? - We start buying rental properties immediately... even before we buy an owner-occupant property. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 20% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy.
- When Nomading™ should you consider selling ALL your rentals if it means you'd be able to invest in stocks, bonds or something else and live off these investments using a Safe Withdrawal Rate instead of the cash flow from rentals? - You could acquire a portfolio of rentals utilizing the Nomad™ real estate investing strategy and wait for the cash flow to be great enough for you to be able to achieve financial independence from the cash flow. But, what about the equity in your properties? Would it be better for you to sell off all the rentals and take the net proceeds after all the expenses and invest that in something else. Then, live off these other investments using a Safe Withdrawal Rate?
- Is it better to put 25% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 25% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy. 25% down has a slighter better interest rate than 20% down.
- Is it better to buy 20% down rentals or invest in stocks? - See how buying 20% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to buy 25% down rentals or invest in stocks? - See how buying 25% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or invest in stocks? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy a single owner-occupant with 5% down then buy up to 9 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying just one owner-occupant with 5% down then buying up to 9 rentals all cash as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy up to 10 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying up to 10 rentals all cash as we model it across the US in over 300 cities.
- Is it better to buy rentals with 20% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 20% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to buy rentals with 25% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 25% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to pay off rentals when Nomading™ early with extra cash flow or only pay them off in full? - When you're Nomading™, should you pay off mortgages early? Specifically, is it better to take any excess cash and pay off rentals early with any excess cash you have or wait until you've saved up enough where you pay off the mortgage in full and keep the excess money in the stock market while you're waiting. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals early with extra cash flow or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties early with extra flow? See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals in full early or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties in full early? You keep your money invested in the stock market until you have enough to pay off the lowest balance mortgage. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off your owner-occupant mortgage when Nomading™? - Is it better to pay off your owner-occupant mortgage when Nomading™ if that means you're financially independent? Or, should you just do traditional Nomad™ without paying off your owner-occupant property early? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 20% down payment rentals or keep renting instead? - When you're buying 20% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 25% down payment rentals or keep renting instead? - When you're buying 25% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 20% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 20% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 25% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 25% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
- Is it better for Nomads™ to get a 5% discount when buying or get 5% better rents? - As a Nomad™, is it better to focus on finding a property you can buy at a 5% discount? Or, is it better to focus on finding a property where you can get 5% better rents? Explore this comparison as we model it across the US in over 300 cities.
- Is it better for Nomads™ to get a 10% discount when buying or get 10% better rents? - As a Nomad™, is it better to focus on finding a property you can buy at a 10% discount? Or, is it better to focus on finding a property where you can get 10% better rents? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ how much better is it to be able to buy at a 5% discount? - As a Nomad™, how much better is it to focus on finding a property you can buy at a 5% discount? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ how much better is it to be able to buy at a 10% discount? - As a Nomad™, how much better is it to focus on finding a property you can buy at a 10% discount? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ how much better is it to be able to buy a property that gets 5% better rents? - As a Nomad™, how much better is it to focus on finding a property you can buy with 5% better rent? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ how much better is it to be able to buy a property that gets 10% better rents? - As a Nomad™, how much better is it to focus on finding a property you can buy with 10% better rent? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ is it better to buy at a 5% discount or get .25% lower mortgage interest rate? - As a Nomad™, should you focus on buying properties for a 5% discount? Or, is it better to focus on being able to negotiate getting a .25% lower mortgage interest rate? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ is it better to buy at a 10% discount or get .5% lower mortgage interest rate? - As a Nomad™, should you focus on buying properties for a 10% discount? Or, is it better to focus on being able to negotiate getting a .5% lower mortgage interest rate? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ what difference would it make to earn 10% less income? - As a Nomad™ what is the impact of earning 10% less income? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ what difference would it make to earn 10% more income? - As a Nomad™ what is the impact of earning 10% more income? Explore this comparison as we model it across the US in over 300 cities.
Specific Strategy Summaries for New Jersey Cities
The following are the various scenarios we ran summarized with New Jersey cities highlighted.
Check out how these reports summarizing how a particular strategy performed across all states:
- 5% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
- 5% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
- 10% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
- .5 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
- Nomad to Short-Term Rentals with 75% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
- 10% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
- 5% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
- 10% Less Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
- Nomad to Short-Term Rentals with 50% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
- Nomad™ Start with $0 - Do the traditional Nomad™ strategy except you start with $0 saved up.
- Nomad to Short-Term Rentals with 25% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
- 10% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
- .25 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
- 10% More Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
- 25% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
- Nomad™ and Sell ALL Rentals if SWR Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
- 10% Property Manager While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
- Baseline Nomad™ Scenario - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
- Buy Non-Owner-Occupant All Cash As Renter - Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
- 3% Property Price Discount While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
- Nomad™ and Payoff OO if Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
- 20% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
- Buy Non-Owner-Occupant All Cash - Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
- 3% Commission While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
- 5% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
- 10% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
- Nomad™ and Sell SOME Rentals to Payoff Others if FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
- .25 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
- No Real Estate, Invest in Stocks - Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
- .5 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
- Pay off mortgages early when Nomading™ with any excess cash. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
- 25% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
- 20% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
- Pay off mortgages in full early when Nomading™. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
Detailed New Jersey City-Specific Modeling
Check out the detailed modeling for these New Jersey cities.
Elizabeth
Jersey City
Newark
Paterson