NJ market is hard finding a cash flow place, anyone got lucky?

2 Replies

New Jersey is a tough area to just get started in.  I'm no expert by any means.  I am on my 3rd property in 14 months and my strategy has been to buy in cheaper areas but give higher quality finishes.  This allowed me to attract and rent to tenants who really normally would not of looked in that area.  My first property is producing 18% cash on cash return.

Comparing to NY and other higher price markets, NJ is a good place to invest for cashflow.   Be careful with quality of tenants.

Originally posted by @Account Closed :

with high taxes and most places overprice, numbers don't work for cash flowing.  Would you invest out of state or keep looking?