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Updated almost 8 years ago, 02/23/2017
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BRRRR / house hack in northern NJ and in upstate NY
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