Investing in Real Estate in North Jersey

[Noor Hasan]

So Long story short, my wife and I have saved up a bit of money and have around 100k to invest into real estate. We have been recently looking at number ours places but none make sense especially in North Jersey. It seems very hard to achieve the 1% rule let alone the 2% rule due to the insane property taxes. We were thinking the best option would be to get a 2 family house, rent 1 out and live in the other so that we could get a property tax break.

Does anyone have any idea on which towns would be the best?

Also would it be better to look for an apartment building with 2-3 units or would it be better looking for a 2 Family. I noticed people here are willing to pay a bit more for rent if the property is a bit updated so we definitely were looking into updating a property if we could get something for cheap.

How achievable is this... we have literally close to no background in real estate and both work full time jobs.

Thanks for any input