Bergen County NJ MFR Investors

[Milan Obradovic]

Hello People, My wife and I took the step of going out today to get pre-approved from the bank. In turn, it will take a couple of days to hear back but we are anticipating anywhere from 300-350k approval with a 10% down payment for the conventional mortgage we are applying for. That being said, and currently living in Brooklyn, we are hoping to find a three family somewhere in Bergen County to BRRR. I am assuming for that price it would have to be a foreclosure or some type of wonder deal to squeeze out a decent three family in Bergen County. My question is for fellow investors that are more familiar with the county, any areas to look into for that price (safer neighborhood, decent commute to the city, 1,200-1,400 for a 2 bedroom)? Is Union City / North of Lincoln Tunnel possible? Or would it have to be farther from the city, Garfield, Hackensack? Also, are my estimates way off or is it more than doable? Thanks!