Taxes are above 12k a year pretty much all over the state. NJ is only good for flipping and not the rental game. I have 4 rental properties in NJ, Purchased them for a steal in 09-10. The property taxes cut into your profits. Especially when the mortgage payment, and taxes come to almost 3k a month and can only rent the place out for 3.5k-3.7 per month
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