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Updated almost 9 years ago,
Best areas to invest $150k within 3 hrs driving distance from NJ?
My search criteria:
- Cash flow is more important than appreciation
- Should be in an area where rental demand is high
- Should be in an area where it is relatively easy to sell.
- Availability of management companies since I do not plan to manage the property myself
- Not interested in flipping
- Property needs to be within approximately 3-4 hrs driving distance from central NJ.
So far I have considered the areas close to the university in Philadelphia. Jersey city (NJ), Union City (NJ).
Before I decide to focus on an area I wanted to know which other areas would the experienced investors here recommend based on my criteria. Also, which state is most land lord friendly amongst these NJ,NY,PA,CT,MD,DE?