Westwood, NJ · Member since 2015 · 8 posts · 1 vote
Hi everyone! I'm looking to get started by investing in multi-family properties. I am looking to invest in NJ. What are some of the best towns in New Jersey for multi-family investing?
I live in Northern NJ, but I am open to investing in Central or Southern NJ as well.
@Steve Wilcox I have been looking into those areas and I know that you have to be pretty selective in what parts you choose. How did you decide on the best areas in those markets? How did you get comfortable with these areas?
Hi Peter Cainero
It's great that your looking to get started in real estate investing! Here is a list of good rental markets in south jersey:
Good rental Markets(SFR to 4plexes)-
Sicklervile, Collingswood, Audobon, Woodbury, Gloucester City, Lindenwold, Camden, Haddon Twp, Haddon Heights, Somerdale, Magnolia, Vineland, Bridgeton, Westville, Berlin, Clementon, Blackwood, Deptford, National Park, Paulsboro, Pennsauken, Pitman, Runnemede, Wenonah, Willingboro, and Winslow.
What are you looking for in your first rental?
Talk soon,
William Lees Jr
@Steve Wilcox I have been looking into those areas and I know that you have to be pretty selective in what parts you choose. How did you decide on the best areas in those markets?
@Steve Wilcox I have been looking into those areas and I know that you have to be pretty selective in what parts you choose. How did you decide on the best areas in those markets? How did you get comfortable with these areas?
I own properties in all the markets @Steve Wilcox mentioned except east orange because taxes are too high and the city is awful to deal with. @Yonah Sturmwind you can PM me if you want to discuss.
@Allan Szlafrok Can you mention some of the problems in East Orange you are referring to. I am considering buying some rental property in that area. Your inputs might help me. Thanks
Taxes are extremly high and its really hard to make the numbers work for a rental. Also the town inspectors are very hard to deal with. They like to levy unreasonable fines. They even arrested my freind for not paying a fine on time. I hate it there.