Top 5 Cities to Invest in New Jersey

There are many reasons to invest in real estate in New Jersey. From its convenient location (close to the big cities of Philadelphia and NY) to a large geographical area that suits different investment opportunities, NJ ticks a lot of boxes. 

From Flipping to Rentals (& everything in-between). The Top 5 Cities to Invest in New Jersey

• Bayonne: best for flipping
• Jersey City: best for long-term rentals
• Ocean City: best for vacation rentals
• Newark: best for BRRRR
• Camden: best for fixer-uppers

Bayonne: best for flipping

Flippers are attracted to Bayonne for multiple reasons. The city is gradually increasing its draw as buyers look to escape the higher prices in other areas, such as Stone Harbor. Real estate prices have begun to rise over the past few years, with forward-thinking investors only just beginning to realize the city’s potential. The upward trend in prices and demand for rental and purchase is matched by an increase in commercial and residential investment. This makes a heady recipe for success and a good place to search for a profitable fix & flip property.  

Jersey City: best for long-term rentals

Nearly 75% of Jersey City residents are renters. The city has consistently been a great location for landlords and there’s no reason to think this will change any time soon. An upwardly stable population trajectory further increases the desirability to own real estate here—especially in the long term. The rapid expansion of Airbnb-type properties in the city has—in parallel to many other cities across the US—saturated the area as individuals sought to capitalize on the post-Covid travel boom. Savvy investors are snapping up such properties and, instead of appealing to the travel market, filling them with long-term tenants who seek an alternative to the expense of living in New York.

Ocean City: best for vacation rentals

With eight miles of beaches, a fab entertainment scene, family-friendly vibe, and a strong event scene, this is a great choice for a vacation rental property. In recent years, real estate values have steadily appreciated by around 20% per annum, making this a sound investment choice for both rental income and for when the time comes to sell.

Newark—best for BRRRR

At first glance, Newark might not quite hit the spot for individual investors. However, recent steps by the city to reduce the amount of corporate investment in NJ’s largest city is set to bring some clout back to the smaller real estate investor. With a good infrastructure and a population that’s booming, thanks to tenants being priced out of other NY metro areas, this is an excellent location to make a decent amount of reliable income.

Camden—best for fixer-uppers

Camden is ripe for those looking for a viable fixer-upper (or, indeed a BRRRR property). There’s a large number of properties that haven’t had a makeover since the war that are begging to be modernized. With a large rental population (around 40%), including the city’s reliable influx of university students, and the easy commute across the river to Philadelphia, Camden is most definitely an up-and-coming investor hotspot.

Ready to Finance Your NJ Real Estate Investment? Contact BRRRR Loans Today

Financing your investment—be it your first or your fiftieth—demands a combination of a great interest rate and ease in raising the capital. No one does this better than BRRRR Loans. From our incredible customer service to a simple application process and market-leading rates, it’s no wonder we’ve become the financier of choice for real estate investors in the know.

Find out more and start your investment journey at https://www.brrrr.com