All Forum Posts by: Mark Lladas

Welcome to BP, Danny!

Hi Julian, Welcome to BiggerPockets! It really all depends on your current personal situation and financial goals. What is your goal with the property at JC?

Let me know for next time Stu - leaving for Florida tonight. *Recommend the corned beef at Park Tavern

@Andrew Merewitz

Decent is too subjective.

Although not too many anymore, there are still areas of Jersey City where you can still obtain a multi-family for <500k.

If by decent you mean, the more developed, more expensive, most sought areas of Jersey City, Downtown - you would primarily be investing on speculation and appreciation, with minimal cash flow if any. Most MF there are >800k.

All the best,

Mark

Hi Marc, Of course the answer is it always depends - but from what I’ve seen $1500 might be more realistic for a 2br and $1750 is attainable for a 3br in Bayonne. Good luck! Looking to gather a group of local investors for a meetup sometime in mid May. Let me know if you’re interested All the best, Mark

Hi James, Here are my opinions to your questions: Closest to NYC: Depending if you’re working uptown or downtown, it’s either Union City/Weehawken or Jersey City. JC has more mode and access to Manhattan with 4 PATH stations, Ferries, Bus. Easiest to rent: IMO, Jersey City is easiest. Then Weehawken, and maybe Bayonne. Most growth potential: IMO, Harrison and Newark with their lower price points might have more room to grow - but there are still plenty of new developments planned in JC and Bayonne. Overall, I think JC fits all three of your criteria the best. Prices have run up the past couple years but with your budget, there may still be some attainable deals. Good luck! Message me if there’s more I can do to help. Just a little disclaimer: I grew up in JC so these opinions might be biased. 😬

Hi Levy, Fellow investor and agent, jersey city native here looking to connect! All the best, Mark

Hi Kapil, I am an agent and investor myself in Jersey City. I also grew up here and know the market pretty well. Depending on your budget, there are still certain areas in Jersey City where the numbers may work but for the most part you would be investing based on speculation. All the best, Mark

Hi John, I’m an investor and agent here in Jersey City. I also grew up here. There are huge plans for more development in the Journal Square in addition to what has already taken place. I’m curious on what have you decided to do with your property - ended up selling, hosing, leasing? Hope to connect soon! All the best, Mark

Hi Rushda,

Where in Jersey City are you located?

The West Side/West Bergen/440/Country Village area is Jersey City’s best kept secret when it comes to investing!

Mark