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Updated over 2 years ago,

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5
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5
Votes
Kelly Coca
  • New to Real Estate
  • Plainfield, NJ
5
Votes |
5
Posts

Househack Duplex vs. Triplex with FHA loan

Kelly Coca
  • New to Real Estate
  • Plainfield, NJ
Posted

I'm currently looking into investing in real estate and one of my first approaches is househacking. I wanted to know if it's a good idea to initially start off with househacking either a duplex or triplex within the Central/North Jersey area. Someone told me it wouldn't make much sense to Househack with a triplex here in Jersey because my mortgage payment would be too high and I wouldn't get enough monthly cash flow. I'm not sure what to think right now. I would like to know the pros and cons with FHA loans regarding duplexes and triplexes in the NJ area. Thanks to anyone who replies!

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