Cashflow properties in New Jersey and nearby

[Raju Penmatcha]

Hi, 

New Jersey and the Tri-state (NJ/CT/PA) area housing markets have been appreciating well since 2021. Does anyone here invest on SFH, townhouses, or condos in Tri-state or the North-East in general? How was your experience so far in terms of cash flow, appreciation, and tenant experience?

[Shawn Mcenteer]

Hi @Raju Penmatcha plenty of people are invest in SFR. The question I will ask is would rather step or a dollar to pick a dime or just pick up the dollar? SFR are very tough, they have potential for certain niches like college rentals or rent by the room strategy. You can make SFR work but extremely tough in traditional sense. MFR have a much higher success rate in New Jersey. Collecting 2-4 rents for 1 property tends to offset taxes more favorably. Long story short, numbers are much more favorable with MFR.