How to find the best room mate friendly market?

[Ivan Maldonado]

Hey Guys!

I’m currently working towards that first Rental property in NJ, ideally I would love to have a multi family but given the fact that I’m the only person that would be putting up the DP and I make around $50,000 a year, I doubt that I’ll be able to qualify for one. 

I figure I'll do a single family through FHA and rent the rooms for about a year and then potentially rent to one family.

But how do I really find out what is the best market for room rentals? 

Any and all advice will be appreciated. 

Thanks! 

[Joseph Guzzardi Jr]

@Ivan Maldonado Welcome to BP Ivan. There's a good chance you would actually qualify for a higher amount with a Multifamily because the rental income gets taken into account. I am not a lender but I work with people in the 2-4 unit space all the time.