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New Jersey Real Estate Q&A Discussion Forum

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Mark J.
  • Jersey City, NJ
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North New Jersey- Buy and Hold or Fix and Flip?

Mark J.
  • Jersey City, NJ
Posted Jan 4 2019, 10:39

Curious if North New Jersey investors are seeing better opportunities in Buy and Holds or Fix and Flips. Looking around it seems there's not many opportunities for multis under 300K other than Newark, East Orange, surrounding area, and rare in those areas. It looks like there may be "value add" opportunities for SFH's under 300K, but mostly further out/west.

Wondering what type of opportunities people are finding, or looking for in North New Jersey. I know it's been said hundreds of times on the boards, but the high purchase prices and taxes make it difficult to get the numbers to work. I know investors are making it work, so curious to hear how people are finding success.

Is it just a higher entry price point to market?

Partnerships?

Major Rehabs?

Appreciation bets?

Thanks in advance for sharing your thoughts.

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