Trying to pull the trigger in New Jersey

[Cody Jensen]

Hey guys,

I've been trying to pull the trigger with purchasing my first investment property in NJ. I have ran hundreds of properties numbers within the past 6 months to a year.

Do any of you have properties in NJ ? How are they performing ? My realtor keeps pushing me to invest in cities which crime and taxes are significantly higher then some areas of NJ even though taxes are crazy here. 

Everytime i run the numbers i feel like making $200 per month isnt worth dealing with 2 section 8 families on a monthly basis. Im looking into multifamily properties, not section 8 in a decent area. 

Do you have any tips to get me in the right direction. Is it just me or am i being mislead?

Thank you ! 

[Chris Masons]

Cody, I invest in Union county (Union township) and Somerset County (North Plainfield and Bridgewater) The market is pretty lofty right now and finding deals are a bit challenging but they do exist. Just have to be quick and be on the look out or have a good realtor on the look out as well....

And yes, the taxes here are a killer but don't get discouraged as I generally make anywhere from an 11% to 20% cash on cash return on all my buy and hold holdings in NJ. I have a portfolio consisting of multi family (2-4 family), single family and condos that I hold and manage myself.

regards,

Chris