Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

Account Closed
  • Paterson, NJ
18
Votes |
119
Posts

Looking to house hack a 4 unit with fha loan need help in nj

Account Closed
  • Paterson, NJ
Posted

Hello everyone,

im 24 i have debt monthly expense is 280 to 350 a month, i have 140k cash and credit score is 776. I want to buy a 4 unit home in nj around north jersey to do fha loan 3.5% and rehab it with a 203k loan and then refinance and rent it out. I dont know where to look for 3 or 4 unit homes, should i contact a realtor or any good website out there? i also just started a new job i have a business should i wait a few months before i begin to get a preapproval letter. can anyone help me?

Most Popular Reply

User Stats

1,272
Posts
930
Votes
Ray Harrell
  • Investor
  • Chicago, IL
930
Votes |
1,272
Posts
Ray Harrell
  • Investor
  • Chicago, IL
Replied

I already have an FHA property. Can't use that one again. Unfortunately, I'm the richest person among family and friends, and I'm poor! I'm trying to change the cycle of poverty in my family.

Loading replies...