Lender · New York City, NY · Member since 2015 · 104 posts · 26 votes
Dear Community,
Due to this community I did my first flip last year and the experience was very positive. I would like to Buy, Rehab, Refinance and Rent my next few properties and build my portfolio. I live in Jersey City and have had a very difficult time finding deals with a decent cash flow. I am interested if anyone here can give me some general advice about towns in Northern NJ (west of Newark) that have a good rent to value ratio for multifamily properties.
I have cash and am motivated. I would even be willing to partner with someone local whose driven and has integrity.
Investor · New York City, NY · Member since 2016 · 36 posts · 6 votes
9y
Hi Ben, I live in Jersey City as well and have spent quite some time looking to do the same thing nearby. The closest to a cashflowing market was in Rahway, Linden and less so in Woodbridge. Taxes are just really high so that this doesn't make too much sense for me. Therefore, I changed my plans to fix and flip. I see you have experience there.
Maybe we can meet up sometime and exchange thoughts.