Newbie from northern New Jersey

[Ryan Cheung]

Hello! My name is Ryan and I am looking to start my real estate investing career! I do not currently own any properties but I am looking to house hack a multi family unit near my area in northern New Jersey as my first investment. However, the price of housing is very expensive in the fort lee/west New York area. Would buying a more expensive property with a FHA loan be a good idea? Or would looking in a cheaper and less desirable area be a better idea? Any recommendations or advice would be greatly appreciated! Thanks!

[Mike Ventura]

Ryan,

I feel your pain my man! I'm a newbie as well and have been looking to invest in an area close to you - with the same house hacking strategy as well.

If you're like me you can't wait to sink your teeth into your first deal. My recommendation is to be persistent in looking for properties while saving saving and more saving. That way you keep familiarizing yourself with the numbers.

Good luck!