what part of NJ is worthy investing and why?
I would like to invest in multi family house somewhere in NJ. I want to be close the city budget roughly around 500k. Any advice what part of NJ I can afford for this budget ?
It looks like you live in Newark. That area has great potential as well as the Oranges - if you are willing to do some work to the house when you purchase. How close to the city do you want to be?
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I just came across some good deals in Mount Laurel, NJ and Tabernacle, NJ
Hi @Tom Hall New Jersey is a great place for house hacking. My and my wife got to financial freedom in NJ using this strategy. We love locations close to transit hubs becuase there is constant rental demand.
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Quote from @Zach Edelman:
I just came across some good deals in Mount Laurel, NJ and Tabernacle, NJ
That is actually my area is this off market ?
I would also suggest looking in Passaic and lower Sussex Counties - the "forgotten" areas of Northern Jersey. Some of the towns are within a 25 minute (or less) drive to the city.
You willdo betterin areas with public transportation access to NYC.
Jersey City is one of the most up and coming areas I've seen right now. Then you can look into The Brunswicks, seeing a lot of movement there. Really anywhere in Northeast NJ that is not riddled with crime is very good.
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You'll want to look anywhere that has a good rail system to Secaucus/NYC as most people are leaving NYC and commuting from the suburbs of Jersey. I recommend looking across the Raritan Valley Line or looking into Warren/Sussex counties as it's a lower cost of living but still within a reasonable driving distance into Manhattan.
Good luck!