House Hacking jersey city

[Kevin Agunbiade]

Hey Guys, i am new to the real estate world and looking to get my feet wet in the Jersey City area through house hacking.

Ive found a multifamily property that i am interested in house hacking which is a 2 family 3bed/2bath in each unit with a finished basement, which i am considering purchasing with fha loan. My plan is to live in the finished basement as its almost basically a 1 bedroom (just missing a kitchen) for a year and to completely rent out the other two units so i can maximize the property rental income. I just wanted to confirm with you guys if this is a good idea and hope I don’t run into any trouble down the line living in my own basement?

Any responses will be very much appreciated thanks in advance.

[Jonathan Greene]

You can live in the basement of your own unit, especially in Jersey City, but you should not have a stove down there. You may want to connect with Luis Savery (@ button not working so look him up here), as he is currently house hacking in JC and living in an ADU in back.