Advice on my first deal(s)

[Matt Rosenzweig]

I am actively looking to invest in a multifamily in the jersey city area. I am doing all of the research I can and am trying to determine what the best deal is for me. I have approx. $70K I am ready to put down on a property however I am looking into an HFA loan which seems too good to be true for my scenario. I do plan on living in this building for a year. 

Does it make sense to go as big as possible as long as the numbers work with an HFA loan or does it make more sense to get something smaller because I don't have any experience?

[Jason D.]

I've found that it's harder to make the cash flow numbers work with such low down payments so that may end up being the case for you. Find some properties and run the numbers. If they work for you, great!