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Updated about 5 years ago,
I'm wanting to get started by investing in New Jersey
Hey guys, here's a little about me. I've been listening to biggerpockets podcasts and lurking in real estate investing for about a year. I'm 25 years old and I currently just left my job in home improvement, specifically kitchen and bathrooms to go out on my own. Even though I don't have 100% traction right now, i'm able to do this because I still live at home and have very few if any, expenses. I've saved mostly everything I earned and I'm ready to get started.
I live in Central Jersey and I'm wondering the best strategy for me in my current situation. I was looking at South Jersey, specifically the Deptford/Sicklerville area to invest because the homes are cheap and it seems like a decent renting market being close to Philly. I'm open to trending areas and suggestions nonetheless.
I understand house hacking is the way to jump start getting into this, mostly because it cuts out the mortgage expense from your life. But, if i'm still living at home rent free, is this still the best strategy for me? I know how to do the work, and I'd be ecstatic to do the work and put in sweat equity as long as it would pay out.
This is my first post, so I'm sorry if I left anything out. I just feel like I need a little guidance to get the ball rolling. I'm really excited to get started and living a better and happier life.