investing in NYC vs New Jersey

[Mike Cross]

Hi! 

I'm currently in the process of buying my first multi family home for under 650,000 in Cypress Hill Brooklyn.  I've noticed the value of homes keep going up every year there for the last few years and already kind of late in the game there.  They have gone up so much, I can only afford a single family now for about 590,000 or so. So my question is, should I just buy in a 2 level multi in Journal Square New Jersey for about 585,000 or is Brooklyn still a better investment? Thank you so much for reading and for your time to respond. 

[Juan Cabrera]

Hello mike, i personally believe journal square is a better route in terms of ROI. It’s a booming area. I never looked into Brooklyn in terms of investing. I’ve seen JS rentals rent for high prices. 2bd 1b $ 1300 - 1800. 3bd 1800-2300