Multi-Units in Jersey City NJ or near

[Yariv Morchi]

Hello Everyone,

I was approved for 1.5 million loan with 25% down.

Looking for multi-family or possibly a small multi-unit building with

cap rate north of 7.5% in the Jersey City, NJ

Do you think it’s a realistic goal? A few years ago I was able to find such

properties but nowadays I find it very difficult to impossible.

Any help or suggestion will be greatly appreciated.

Thanks

[Jessica Zolotorofe]

@Yariv Morchi Jersey City is a great area to invest in, but there are some neighborhoods that are better than others, of course, and the best areas are very pricey.  Is renovating a fixer-upper an option? Or you want turn-key and quick income stream? What neighborhoods have you looked in?