Where to Invest in North NJ (Near NYC)?

[James Smith]

Hi everyone, 

I'm new to the site and have been enjoying reading through all the discussions.

I am considering buying a place somewhere in North Jersey (Jersey City, Newark, Bayonne, Harrison, etc). I currently work and rent in NYC but am interested in purchasing a unit which may have the opportunity to rent out part of it. What's the best place in the North Jersey area that is still close to NY, easy to rent, most growth potential?

Budget: <$800K

BR/BA: 2BR/1BA (for myself) + at least 1 BR/1BA for tenant (Flexible)

[Elliot Vann]

Talking about biased opinions, I grew up in Passaic. All those areas are super close to the city. Depending where in NYC you have Passaic, Montclair is beautiful, Hackensack, Teaneck, etc. depends if you wanna be closer to the Lincoln Or Holland Tunnel or the GWB. Also as far as the out of state goes, if you rehab the house hack (FHA 203k always great) you could definitely beat out of state returns. Plus have a close eye and learn landlording etc.