All Forum Posts by: Steve Haines

Jonathan is right....now it is going to be tough....but once the memoratoriam is lifted, I expect the courts to be flooded with eviction cases....personally, I prefer 6 month leases as a happy medium...as opposed to month to month...which may scare off potential future renters.

I have house hacked in Union City with very good success but you may want to stick to older 2 families' to best avoid rent control.

John is correct...almost anywhere in Union City is a good investment but above 30th street and off or close to Park Avenue / Weehawken border seems to be most promising....as Park Avenue is starting to slowly resemble Washington Street' Hoboken in a few slective spots....thx

If it helps...I own a few 2 families in Union City and they have always rented very quickly generating good and steady rental income.

Good thread....and yes, Union City NJ is very hot right now......I see allot of investors coming in now.

In my personal opinion, I would buy an older 2 family and jazz it up a bit (new paint, new fixtures, etc.) Don't get me wrong....New construction is great but you will pay a premium for that. I also suggest to buy near Park Ave near the Lincoln tunnel and Weehawken border...that area is quickly developing nicely and booming with young professionals. The 2 family brings good rental income. In other words, I live on the first floor with finished basement and I rent the 2nd floor. I get $2,100 a month for my rental which covers my taxes, all utilities, home insurance etc. In brief Union city is a very hot market now but still affordable (at least for now)....hope this helps...thx