What cities in NJ would you advise for affordability & cash flow

[Ozzie Sezen]

Hi Biggerpockets community,

I am preparing to invest in my first rental property. I live in Queens, NY. I want to choose a place closed by so I can do my own PM. NJ seems to be a good place to invest.

What cities in NJ would you advise for affordability less than 150K and solid cash flow? What cities in NJ have potential appreciation in value? 

[Joe P.]

Respectfully disagree with my friend @George W. as the C-class areas in South Jersey -- Gloucester City, Brooklawn, Westville, and Camden...all appear to have good cash flow values and reasonable purchase prices. The proximity to Philly is not something to scoff at, especially if the neighborhoods continue to rise in value. It's a long term play to have a city like Gloucester or Camden be considered what Brooklyn or Queens is to Manhattan, but every major city experiencing an influx of dollars sees their close neighborhoods also experience that influx. Boston, San Francisco, Austin, Denver, et al...