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Updated over 5 years ago,
North New Jersey Expenses
Being an NJ native and simply loving the state and the North Eastern parts proximity to NYC, I have started my search with a deal in northern NJ. However as anyone who is from NJ would know it is expensive. Has anyone had success in this area when just getting started? What can you reasonably call your expense on an investment property in this area in your experience? Was it reasonably achievable to gain forced appreciation on a house that needed some TLC in this expensive market? If you are one of those who started with a hard money loan did you find it reasonably achievable to gain good cash flow after some work and a refinance with the BRRRR model?
Would love to get peoples experiences and stories in this market.
Thank you for sharing your story and experience in advance!