Investing & Househacking in Northern New Jersey

[Stefanie R.]

Hi everyone,

Right now, I am interested in purchasing investment property in northern New Jersey and was wondering if I could get a bit more insight.

About me:

33f currently living in lower Westchester County.

Work remotely but will commute to job in Manhattan 2-3 days a week

What I’m looking for:

Multifamily and house hack in Hudson, Bergen, Essex or Union Counties

Current budget is at 250-450k.

I would like to find a property preferably in an area that is up and coming and close to the city since I will be commuting. I also have a preference for towns that are very walkable since at the moment I don’t have a car.

My ideal city is Jersey City (previously worked in the downtown area) because of its proximity to NYC but I know that with my budget it would be very difficult to find deals.

Is North Jersey a reasonable option for me at this point or should I reconsider given my expectations? Many thanks!