Low cost areas in New Jersey to start out investing

[Louis Friedman]

Hey all, I'm just learning the ropes on investing. I live in NJ where taxes are high. Anyone have thoughts on area where there are single family or duplexes under 150K with reasonable cash flow in the NJ /Eastern Pennsylvania area?

Lou

[Simcha Davidman]

Hi @Louis Friedman and welcome to BP!

Taxes are high, but rents are, for the most part, commensurately high.  Just run the numbers.  You'd have to look in the lower income areas, such as paterson, newark, irvington, trenton, and the like.  Personally, I am not bold enough to go there.  But some people are making tons of money in those areas!

I also am interested in the Phillipsburg/Easton area, but it is a little too far for me at this time.  Hopefully one day.  I've been there a couple times and I really like it.

Good luck!