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Updated over 6 years ago on . Most recent reply

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Jason LePage
  • Northern New Jersey
3
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5
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Looking for Flippers In Northern New Jersey

Jason LePage
  • Northern New Jersey
Posted

Hello everyone. My name is Jason and I am new to the Bigger Pockets community. I am looking to buy a two or three family property to owner occupy in Northern New Jersey (primarily looking in Essex County, but open to other areas) within the next 3-6 months. I work as a physical therapist for my day job but am interested in investing in real estate. As I am starting to grow my physical therapy practice as well, I am preferably looking for a turn key property to begin investing so I do not have to be involved in the rehab process recognizing this comes with a higher price tag. If anyone's gig is fix-and-flips in Northern Jersey please let me know so I can get in contact with you to learn more about what you do and the areas you work in. Any other advice or tips for someone starting off is always welcome. Thanks all!

Most Popular Reply

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Allan Szlafrok
  • Rental Property Investor
  • Long Island, NY
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Allan Szlafrok
  • Rental Property Investor
  • Long Island, NY
Replied

Welcome to BP Jason! Im an experienced investor in Essex County and the rest of Northern NJ. Bloomfield is a great town but the taxes are kinda hight and the rents not much higher than nearby Newark. Montclair is a very expensive town making it really hard to buy and hold but probably decent to flip in if you can find something that need a a lot of work. East Orange is tough because its a very poor town with taxes that make it hard to want to hold a property. EO also hast seen some of the price appreciation that Newark has and probably wont for a very long time. I really think you should consider some of the better areas and blocks in Newark if you are looking for a buy and hold type deal. Beyond that you could consider some of the better areas of Elizabeth and Hillside although again taxes are a bigger issue there than in Newark. Theres also Hudson county but thats gotten really expensive and finding turnkey deals there are tough. Anyway just my to cents and im happy to talk more about this if you are interested.

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