NJ Real Estate Market Trend

[Michael Jones]

I am currently in San Antonio and have been for the last 4 years (Seller's Market - Hot). The deals are here but with lower margins and a lot of competition. The 70% rule does not work here in San Antonio - does it work in NJ?

Originally from NJ I have considered the idea of returning to NJ where I have worked as a GC/developer all my life.  4 years ago when I left, the RE market was down.  Now after 4 years I am thinking that there may be potential to pick up good investments - buy & holds, wholesales and flips.  I am aware that the market has not bounced back yet.

Looking for any and all information on how investors are fairing in the NJ market.  What is trending and where?  Also interested in NY, PA and DE.  

[Michael Jones]

@Ryan Goldfarb I can believe that you can get as good as the 65% rule at this time. I have looked at properties online from Summit down to Monmouth County which appear to have pockets of decent deals. I am very interested in Long Branch - I always get drawn back the the beach, lol. I will be back in NJ at the end of September and travel through New York as well. 

I will be addressing what I can do and would like to do in NJ in the marketplace. I am involved in a flip at this time in San Antonio. The DOM are great but returns are less. Just like anywhere else if I go into the warzone my returns go up but my life is at stake - no joke. I feel safer in Asbury Park not so much Camden but even Newark I can handle. 

Thanks for lending your knowledge !