Beginning my real estate journey!

[Daniel Illescas]

Hi everyone,

I'm a college senior who is in the education stage of my real estate investing career. I'm looking to build a multi family portfolio, and plan to begin by house hacking a duplex or triplex, financed with an FHA loan, hopefully doing my first deal by the end of next year. I will be working in NYC but would like to live in NJ, preferably within an hour of the city. My main question is, how do I identify the best NJ submarket to look for properties? I know it might be tough to find a deal with the right price tag, as NJ is a higher priced state. Also, what is the best way to meet real estate agents, lenders, lawyers, property managers…?

Happy to be a part of the Bigger Pockets community!

Thanks!

[Aj Parikh]

Hi Daniel! Welcome to Bigger Pockets! Investing in higher priced areas is always challenging. Similar to your market, I am in Northern Virginia and real estate is really costly here. I decided to invest out of state for those reason and it has been working out well. Feel free to connect and we can discuss how you can get started with out of state investing.