NJ Rental Market - Rental Property Green Flags?

[Leonard La Rocca III]

Looking to enter the NJ Rental Market in 2025 - Central/North Jersey. I've been reading and looking a ton, but want to hear from those that have done it:

1. How much, roughly, is enough to begin in this NJ market? It seems no less than 50K.

2. What are some rental property green flags you've seen that scream buy? 

[Shawn Mcenteer]

Hi @Leonard La Rocca III welcome to BP

With a goal to house hack your option will be much better and tremendously more favorable.

1. $50k gets you the house but leaves you very little room for value add.  To answer your question yes its enough but in many cases it might be risky.

2. location, room to raise rents, occupancy of property, local laws, type of investment are just a few topics that play a huge part.  If you come to me and say you super handy ready to take on a major renovation my answer will be different compared to if you come to me saying you need turnkey and 30 minute commute to NYC.  

Long story short if you are committed to house hacking the sky is the limits and there is endless possibility, it really comes down to your comfort level and where exactly you need to be in New Jersey.