Description of New Jersey
While the New York metro area may be a great place to make a name for yourself as a buy-to-sell property investor, aspiring buy-to-let landlords need to hedge their bets with more savvy. Property prices and rents across New Jersey, Long Island and Pennsylvania continue to skyrocket with no sign of abating, which can have an effect on rental yields but is at the same time welcome news for investors with the intention of selling on.
The market varies dramatically across the New York metro area and includes everything from basic backpacker dwellings to seven-figure second homes for the rich and famous. So in essence there are opportunities to be found for investors at all levels – they're just not always quite as easy to spot as may be assumed.