Duplex in Northern/Central NJ area

[Prem Schoff]

I am looking to get into a positive cash-flow investment by purchasing duplex in Northern NJ (or Central NJ) area to live in one unit. Any suggestions on the ability to cash-flow on duplexes in that geography?

Thanks,

Prem

[Domenic Bussanich]

Prem Schoff The northern Jersey market, at least from my experience, is difficult to find cash flowing deals especially living in one unit and with the high property taxes that the area demands. You will find that the older properties will have lower property taxes, but beware these houses have much more risk. I've been looking at areas such as Garfield, Jersey City, and Union City, which have older 3-4 family homes that cash flow positive even while living in a unit. Continue looking and you will find.