How Much Lower Could Your Monthly Payment Be If You PURCHASED The Same Property?

Hoboken renters and possible buyers out there, this video is for you!

𝐓𝐡𝐞 𝐇𝐨𝐛𝐨𝐤𝐞𝐧 𝐑𝐞𝐧𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐬 𝐎𝐧 𝐅𝐈𝐑𝐄! 🔥🔥🔥

How much lower could your monthly payment be if you PURCHASED the same property?

Hoboken renters and possible buyers out there,  this video is for you!

I just got off the phone with a client who was looking to rent a one bedroom here in Hoboken and the price that she originally was looking for a few months ago was around 3,100 to 3,200 and the rental market has exploded up 10% to 20% in Hoboken.

The same 3,400 to 3,500 one bedroom she's trying to rent just went up to 3,700 to 3,800. This is happening with two bedrooms, and three bedrooms, across the board.

We've started running some numbers and talking about a down payment. She thought she needed 20% down. She can achieve this thirty four to thirty five hundred dollar payment with only 10% down.

She talked to a lender, and all of a sudden she's now ready to purchase!

She's going to own the property, get the write-offs, and get the principal pay down.

She's going to get the appreciation of the market over the next few years, instead of renting and just paying off someone else's mortgage.

Now that the rental market has exploded, and the sales markets just slightly increased, it makes more sense for her to take a look at buying that property instead of renting.

If you are looking to rent out there, give us a call and let's talk it through!