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Updated about 6 years ago on . Most recent reply

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6
Posts
2
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Kelvin Funes
  • Ridgefield Park, NJ
2
Votes |
6
Posts

First Time Home Buying Advice

Kelvin Funes
  • Ridgefield Park, NJ
Posted

Hello all,

I have been listening to Bigger Pockets for a couple months. I am excited to get started in investing, but first, I would like to settle into a house in North Jersey. 

I live in a 1 bedroom apartment in North Jersey with my girlfriend and soon to be 3 year old son. We have been looking at houses since August ranging from 330k-400k but unfortunately have not found the one yet. We're comfortable putting 20% down on our first house with enough reserves to start a small investment out of state. I've looked at multi-family houses, fixer uppers, and also thought about house hacking in North Jersey but have not found any good deals due to high taxes. Any friendly advice for a young family starting out? 

Most Popular Reply

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1,983
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572
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Joseph Scorese
  • Banker
  • Philadelphia
572
Votes |
1,983
Posts
Joseph Scorese
  • Banker
  • Philadelphia
Replied

Hi @,

How are you.

If you are also thinking future investment following the owner occupancy. Focus in on mass transportation close to the subject property. NJ Transit Stops on the train or within a mile or so would be good future appreciating rents and values to a home would be a suggestion.

Good luck with the search.

Regards Joe Scorese

  • Joseph Scorese

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