Is NJ a good market for multifamiles buy and hold???

2 Replies

New York is simply too expensive so I am looking to invest in NJ. What areas are good?

Ally, 

I think you should take a look at the Queens neighborhoods that are going to be heating up in the next few years.  For example Jamaica Queens, and Ridgewood.  There are still several opportunities around. 

Just my thoughts.

Javier-

@Ally Ogar  it really depends upon your budget.   One could say Hoboken is good yet you'll need seven figures to get into that market.  On top of that you'd have a low cap rate and cash on cash return.  Also in NJ every municipality might have rent control that can impact your ability to have a successful investment.  So you also need to take that into consideration.   What price point where you looking at?

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