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Updated over 3 years ago,
Newbie Investor/Aspiring House Hacker in NJ!
What's up BP! Sitting on my couch reading "How to Invest in Real Estate" (shoutout Josh and Brandon) and tenant number 3 in the seven steps to overcoming RE investment fear is to PARTICIPATE. So...here I am with my first post on BP.
My significant other and I are looking to acquire our first property via a multifamily house hack in Union/Essex county NJ. Would love to connect with any investors just starting out or anyone who has experience, insight, words of encouragement with regards to multifamily investing in the New Jersey market.
One topic that's been on my mind has to do with FHA loans. Specifically, we've received some feedback from lenders and agents that, in this market, sellers are moving FHA offers to the bottom of the stack given the assessment/inspection criteria that needs to be met in order for the deal to proceed. Would love to hear if anyone has had experience with this this in the past few months! Thanks!