Northern New Jersey Recommendations

[Damien Rance]

Hi Biggerpockets Community,

I am interested in multi-family properties in Northern, New Jersey. It needs to be preferably within 35-40 mins commute to Englewood as my girlfriend will be working there. Any recommendations of cities/towns in that area to do some more investigating? This is not an advert by any means, I am just trying to get a gage of the location within Northern New Jersey and places closish to Englewood.

Does anyone have any suggestions on cities/towns?

I was looking at Bergan County, & Hudson County, has anyone invested in these areas that have any advice/thoughts? 

Thank you all for your help.

[Nicole S.]

@Damien Rance I’m a newbie investor that owns a few properties in Union City, one of which is a 3 family full rehab with an addition which we recently started construction on.

During our hunt for a project property, we found this area to have a lot to offer. Union City is one of the most dense cities in the US (2nd after Guttenberg), so that, plus it's proximity to Manhattan, means the demand is there under normal circumstance.

However, if you come across projects with permit-required construction, keep in mind UC Building Department is notoriously horrible. I thought it was an exaggeration and have learned the hard way it is not.

Another important detail to consider is that property taxes in NJ are typically higher than some of the other surrounding areas.

Another great spot to look into is UC’s neighbor, West New York. We found some great properties there though weren’t able to lock any in. I’ve also heard dealing with the Building Department there is significantly better.

Hope this helps provide some insight! 

@Alina Trigub thanks for the mentioning the REI meetups. I've also been looking for a meetup and thankful for the recommendation.

:)