What are the difference in rent rates in New Jersey vs PA
Hey guys,
I'm located in NJ and I'm looking into PA as an alternative to invest in due to the extreme taxes in my area, I figure it would benefit me more to invest in a not so tax dominate state.
I am wondering what would be the average rent that can be set for a multi-family property located in PA vs NJ, I'm assuming that the closer you are to PAs major cities it would yield a better rents?
Also, does anyone currently live in NJ and own investments in PA or other states?
I would really like to get your input on this and how it is working for you.
Thank you !