Montclair NJ Multi Family Home First Timer

[Ben Trageser]

Hi everyone!

First time poster here. I currently live in Montclair, NJ (Valley & Bloom) and have been considering looking for a multi family home to house hack.

From everything I read, the Montclair real estate market seems to be very competitive and expensive. Does anyone have any suggestions towards looking for properties?

How do you feel that rent/property prices will forecast in the future? I’ve noticed a small downturn on property taxes on houses that have been foreclosed on. Is this a trend and then once reasessed they will go back up?

Also, if not Montclair do you see any other areas with potential growth?

Thank you so much! Excited to be here to learn!