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Updated about 6 years ago on . Most recent reply

User Stats

31
Posts
2
Votes
Vaishal Patel
  • Arkansas
2
Votes |
31
Posts

How do investors make money in new jersey real estate market?

Vaishal Patel
  • Arkansas
Posted

They have so high property taxes..especially central new jersey, on average you will end up paying 4000-5000$ in property taxes every year for a property worth 250k$.How can you make positive cash flow when you have to pay such high property taxes?

Most Popular Reply

User Stats

113
Posts
39
Votes
Ankit Duggal
  • Specialist
  • Boca Raton, FL
39
Votes |
113
Posts
Ankit Duggal
  • Specialist
  • Boca Raton, FL
Replied

Vaishal Patel What is your end goal from the investment if you dont mind me asking? If your goal is high current cash flow then you will need to consider urban markets to be able to achieve that in NJ. But if your goal is capital appreciation then you can consider better areas which will wind up costing you more in purchase price. So it is kinda a Catch 22 there.

If you want to invest into cash flow assets but cannot do it on your own then you may want to also consider investing into syndicate or Tenant in Common Investment as they would let you participate in multifamily investments without the risk of putting all your eggs into one basket (so to speak) but these investment structures have their own inherent risks so conduct your research on these investment structures.

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