School ranking doesn't matter, and I would prefer towns with low property taxes (around 1-2%).It looks like Jersey City has a very low tax rate and there are some multifamily houses that are in 500-700k ranges.What are your thoughts about Jersey City?

Hi all,My wife and I are in the process of purchasing a coop unit in Jersey City downtown (offer accepted and about to start to go into Attorney Review). 

assuming the condo unit lets me rent it out. my plan is to live in the condo/ SFR for a year and then rent it since I already got approved for an FHA loan. right now it is looking like the condo might be a better option for me considering my area in jersey and the location of the condos. depending on the HAO fees I feel the cash flow may be better with the condo.

I'm a New Jersey agent, lender and investor.

@Stone Jin I’m in New Jersey and would definitely use a property manager.

I've heard that in the state of New Jersey individuals can't lend to other individuals?

Most banks have the ability to do a master escrow account, with sub accounts for each tenant, that you (the landlord) control.New Jersey also has the requirement to place security deposits in escrow.

I am 25 years old and from New Jersey.

We live in New Jersey (40 mins from New York City) and wanted the rental to be in 1-2 hour drive radius.

I have a loan with them on another property in jersey ha.