New Jersey Real Estate Market

[Nishil Kothary]

Hi,

My name is Nishil Kohary and I am a new real estate investor. I currently live in NYC but am looking to invest in New Jersey given the high prices of NYC. Does anyone have suggestions on undervalued markets to look at in NJ or nearby states? I am struggling to zero in on a few markets to focus on.

I appreciate the help in advance! 

[Darren Sager]

@Nishil Kothary the markets you should be looking at should solely be determined based upon what you can execute on.  If you don't know or haven't spoken to a lender (that's usually your first step unless you're going in all cash) then it's hard to say where.  I disagree with Angelo that NJ market has caught up with NYC.  I regularly attend Otteau seminars and we're still going up as NJ had a delayed reaction in the recovery.  There are certain towns for sure that have now gone past 2007 values, but on a state wide basis, or even northern NJ on a whole, we're still going up.