Nutley New Jersey Multi Fams
Hello All!
I'm look to take the plunge in my first investment in a multi family in Nutley, NJ. Seems to be lot of properties for sale, but I'm not too familiar with the neighborhood and I'm a little concerned about how outdated the properties look? Any advice from fellow investors about what I should look out for?
Most Popular Reply
@Anita Kollory as far as returns, it all depends on what type of loan you'd be getting, your comfort level of buying locations, how much you're approved of, and several other factors. I recommend Belleville better than Nutley for returns in cash flow, but there's a better chance of appreciation in Nutley. Then, you need to ask, do you have children? The school system in Nutley is much better in my opinion. Finally, I honestly prefer certain parts of Newark more due to low taxes and cheaper real estate. But once again, it depends on several factors. I'd be glad to help further.