Jersey City Heights - Any Advice?

[Nick Russo]

Hi All,

I'm new to Bigger Pockets Forums but I have been listening to the podcasts and loving them. I currently live in Jersey City Heights and I work in NYC as a Construction Project Manager for an entertainment/hospitality company.

I did grow up working in a family residential construction company, so I'm thinking a property that needs a bit of rehab could be my best bet since I can use the skills I've developed over the years. I have been interested in getting started in real estate in Jersey City in particular.

Does anyone have experience in the Jersey City Heights area? I'd like to hear what you all think of the potential here as I know Hoboken is tapped out.

Also If there is any way I could get involved with any investors that are in my area, please let me know! I'm looking to get my foot in the door and I'd love to meet with someone local to discuss this area in particular. Thanks!

[Jessica Zolotorofe]

Hi Nick! I am a Heights pro these days. I have been looking to invest and also to buy to live in for months and I keep track of every single permit pulled there. It's a little bit pathetic haha. But the story is, if you can find anything east of JFK that you can get for a deal and rehab and flip, you're golden. BUT, inventory is really tight right now. Developers are all over the Heights, mostly picking up 2 families and condo'ing them to sell each side or level separately. The pricing has gone crazy. West of JFK (further away from Hoboken) there's more to look at, but it's not walking distance to the light rail, so there is often less room in the deal because you don't get nearly as much on the resale end. If you are strictly looking to fix and flip, or hold and rent (and not to live in yourself), check out Bergen Lafayette. That'll be the next big thing. Still a little rough right now, but on it's way for sure.