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Updated over 2 years ago,
House hack w/ BRRRR ambitions...
I'm finding it so hard to get my hands on a multi-family property under market value here in NJ. Owner-occupying a multi-unit with being able to Brrrr the property down the road, is next to impossible. All the properties are being sold, at minimum, at asking price. I can get the property if I go at or above asking price, but how will be able to Brrrr it and get more. I don't have enough money for conventional, only FHA, and they're guidelines are strict as all heck. Now these are only listed properties on the MLS, but don't have the time to actively drive for dollars either. How can I start my real estate journey with this initial obstacle hanging over me.
Thanks for the help.