All Forum Posts by: Stu Basham

Thanks for the advice guys. My duplex will only have taxes of 6k or so and rent for over 2k per month. I will look in those areas you all suggested.

Hi all,

This is my first every post. I'm really excited to be learning this stuff. I'm about to buy my first house hack in Journal Square with my wife. It's a duplex in the official area of Marion. I'm excited to keep looking for deals. 

I have been looking at properties in Essex and Hudson county to see if they would be good buy and hold investments or doing the BRRRR strategy. I analyzed a bunch of properties using the calculators and it seems that once you factor in all the property taxes, repairs, CapEx, etc... most houses wouldn't actually cash flow with the market rents. Property taxes on multi-families are well over 12k per year and if you're getting only 1,400 in rent for a 1 or 2BR that gets eaten up just to pay for property taxes.

So my question to all the New Jersey investors, are you finding houses/multi-families that will actually cash flow with the high property taxes and factoring in all your expenses?

Thanks in advance!

Cool tip about the car @Account Closed! There are so many different avenues one can go down that I never would've thought!