Rental Property Investor · Brooklyn, NY · Member since 2020 · 113 posts · 25 votes
I finally decided to start my journey and will be looking into NJ properties. The goal is to Buy, Rehab, Refi and Hold.
I tried to search the forum but I couldn't find a search feature. I want to get your input on which areas in NJ I should check out?
I figured why do long distance or go out of state if I haven't exhausted the search locally. I value the members thoughts and experiences on this forum, so I am writing this post to get suggestions or recommendations on which markets I should start looking at in New Jersey.
Developer · New Brunswick, NJ · Member since 2015 · 1k+ posts · 2k+ votes
5y
I specialize in Central NJ. Lots of good rental markets in this area: Union, Linden, Rahway, Carteret, Perth Amboy, New Brunswick, Highland Park, Bound Brook, Manville, North Plainfield.
Staten Island, NY · Member since 2020 · 17 posts · 7 votes
5y
@Sam Sala Congrats on making your decision to start investing! Have you defined exactly what kind of property you want? (sfh, multi, etc). In my personal opinion I believe anywhere that is close traveling distance to NYC is a solid place to start. I have clients looking to move to NJ from NYC that work there and their primary concern is usually travel time/distance to work. Most are buying but there are some people renting.
I'd say North Bergen down to Jersey City are good places to start. The prices are high but you may manage to find some good deals there, or you can move west from there until you find something that works.
Developer · New Brunswick, NJ · Member since 2015 · 1k+ posts · 2k+ votes
5y
I specialize in Central NJ. Lots of good rental markets in this area: Union, Linden, Rahway, Carteret, Perth Amboy, New Brunswick, Highland Park, Bound Brook, Manville, North Plainfield.
Staten Island, NY · Member since 2020 · 17 posts · 7 votes
5y
@Sam Sala deals can be found both ways. If you want to grind and drive around looking for off market deals, thats a great way to find them. You can also check the mls, websites like realtor, zillow, trulia, etc. If you don't want to do the whole deal-finding grind yourself you can hire an agent.
Rental Property Investor · Bergen County, NJ · Member since 2017 · 7 posts · 3 votes
5y
Hey BP,
Congrats @Sam Sala on your commitment to REI. I'm also looking to grow in RE investing. Currently owned a 2Fam in Bergen County. Looking for North Jersey counties 2F to 4F properties on my own. Also to partner in Multifamily (under 100 units) in the same area.