BRRRR / house hack in northern NJ and in upstate NY

[Joshua Reed]

Hello everyone my name is Joshua. I just did my taxes and I am getting back a nice chunck of change In march $7500. I am looking for my first property. I am looking for a small multi-family 2-4 units preferably a 4-unit i want to live in one rent out the other 3 apartment and as for my apartment i want the basement so i can get more money on the other 3 apartment. Also if the basement apartment has 2-3 bedrooms I want to get a room mate's since i will be spending most of my time staying in queens since i work there. And by me doing this i can still use FHA when I refinance, From a hard money lender. I honestly want middle class to upper middle class areas. This is because, i want to feel comfortable sending my wife to collect rent if need be. However I plan on using a rent collection software but i might not be able to right away. If it was just me I could careless. I am a welfair, section 8 and food stamp kid myself. I have looked into Paterson, Newark, Jersey City. But nothing yet. I am looking in areas 1-2 hours from queens NY. I am looking for a project mangers because I will be away from most of the time working my BS job until I become financially free. Also I am looking for a really good contractor who keeps there dead lines I know things can run over but not always. My budget will mostly be low. But i am very eger to make this happen. So if anyone knows of anywhere or of anyone that fits what I'm looking for please send me a message or send me a message if you have any way to improve on what i am trying to do. I am open to listen.
Thanks everyone  
Joshua 

[Patti Robertson]

@Joshua Reed - If you plan to live there and have income and credit good enough to qualify for an FHA loan on the refi, why would you purchase with a HML in the first place? Just starte out with the FHA loan. If the property needs work, use a 203K loan, which is an FHA construction loan that will allow you to purchase a fixer upper. I would suggest first finding a good mortgage broker in your area so you can find out how much you will qualify for. Get your preapproval done and then find a good agent to help you find a property. You can also reach our to your REIAs too. Investors may be able to bring you a deal the agents don't know about. Good luck!