Northern NJ - Multifamily vs House Flipping

[Nicholas Sheridan, Jr.]

Hello BP community!

I have been a member for a year or so but thought it was necessary to redo my intro post due to my relocating to NJ. I just started my full time position a few months ago and have narrowed down my REI options to Multifamily Rentals and Low Income House Flipping.

I was originally interested in purchasing a multifamily house (triplex/quad etc.) and occupying a unit while renting out the rest. However, I was wondering if others have had much success with multifamily housing in NJ despite the ridiculously high property taxes. 

I have read through the Ultimate Beginners Guide and am about 1/4 the way through the BP podcasts.

Thanks

[Ray Reed]

@Nicholas Sheridan, Jr.  when you say near NJ transit, do you mean the train stations?  The buses are NJ transit also.  Those two towns have a pretty good transportation systems.  If you are going to focus on low income flips, concentrate more on the more desirable sections instead of the war zones.  Also think about how you will be securing the house so that things don't walk away.