Owner Occupier Rent Control - Union City
Newbie to Bigger Pockets community and real estate investing in the US (I'm a Aussie). I'm looking to start my real estate journey here in the US and am looking at small multi-family properties in Union City (where I currently live). I just viewed a 3 family property that if rents were market rate would cashflow nicely. However, current rents are all below market value, so I'm wondering if I were to purchase as an owner occupier, am I able to increase rents to market value, or am I stuck with rent controlled rents? Especially with the current eviction moratorium that is in place. I've been reviewing the other posts on bigger pockets and the Hudson county websites but I can't seem to find a definitive answer. Is anyone familiar with the current laws and able to offer any insight or direction? Any info in much appreciated.