Hi, I was looking for cash flow in North-East New Jersey in rental properties, but at the max I reach at 0 cash flow.For example in Bayonne typical two family home(3 bed 2 bath each family) cost around $500K, taxes around 16K, rent around $1700/family. so after mortgage(20% down) , so total income is around $3400 also same is mortgage premium.other option is  private lending where you can earn around 10% per year minimum.also considering the point that home prices are all time high right now.Can somebody share their example of cash flow in area like Jersey city, Bayonne, Newark,union etc.

Mostly seasonal wind energy/ oilfield workers, and seasonal school teachers have been previous renters.Sweat equity for bathroom to be completed by myself (10 year unIon carpenter in my former life in Southern CA) total materials $1091.84.The (3) appliances are $1645.

And now I owe myself a significant amount of money that is probably circling the African continent in a well-orchestrated wire fraud scheme.   

If for some reason you end up looking at HELOC, at my local Credit Union they have a HELOC that is about 4% right now that moves with Prime, but can be looked at any time with up to a 10 year rate lock. 

I was going through a local credit union but have decided to pull the plug.

I would not go further east past Union Blvd.

I’ve been speaking with multiple banks and credit unions and keep hitting a wall?

You have to join the credit union, but so far they are allowing HELOCs on 3 investment properties that I have to move title from my LLC to my personal name, then will move back to LLC after closing.

@John Beck your best bet is to start with local banks and credit unions who know and understand the area. 

If so you have lots of options with your local banks and credit unions.