Two family first time buyer

[Juan Araujo]

I’m so happy to be with you all!. I need advice as to what type of loan to go for a property I got an offer accepted at $525,000 in Bloomfield NJ taxes are 12,000 a year. I will be living in the 1st fl and the 2nd fl tenant has 3 year lease rents at 2,200 a month. I could do conventional loan 10% down payment but If I apply for first time buyer I would only need 3.5% down payment which would free up my cash to invest it somewhere else should the opportunity arise. Theres nothing wrong w the house everything looks good so I don’t expect any expenses for now so Im trying to cash flow as much as I can here market is very tough in this area. Any advice is greatly appreciated.