Updated about 4 years ago on . Most recent reply
Investing In New Jersey or Pennsylvania
Hey guys! I am new to real estate investing and am looking for my first property. I want to start out with a multifamily home. I currently live in Northern New Jersey and am deciding whether to invest here or out of state (possibly in the Harrisburg PA area). I see on the forums and hear on the podcasts that most investors recommend investing in your area at least for the first property. However, I am very worried about the tenant friendly laws that New Jersey has when it comes to eviction. Also I would be able to get a lot more bang for my buck in PA. My budget is about 300K. Does anyone have any advice on this topic? Thank you!
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- Real Estate Consultant
- Mendham, NJ
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#1 Questions About BiggerPockets & Official Site Announcements Contributor
- Real Estate Consultant
- Mendham, NJ
There are tons of us in Northern NJ who have repositioned to PA this year just because of inventory, taxes, and availability. We've closed 8 in Philly in our investor group and have 6 pending and a bunch more looking. We all still look in NJ, but PA, as a whole, has better metrics and it's easily driveable.
- Jonathan Greene
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- Podcast Guest on Show #667
