Starting my investment journey: Exploring house hacking and rehab strategies in NJ/N

[Kristen C Bailey]

Hello all! I'm a 23-year-old first-time investor on the road to financial freedom. I'm looking to get started in the NJ/NYC area, specifically in Essex County or Hudson County. I currently work from home and live with my parents, earning about $50k per year. My goal is to start my investment journey in late 2023 or early 2024, and I'm considering house hacking and rehab strategies. While I'm a bit intimidated by the idea of flipping and rehab, I'm fully committed to this journey. If anyone has experience with these strategies or is familiar with the area, I'd love to connect and hear your advice. Thanks!

[Vanessa Ivonne Hernandez]

That's wonderful! Welcome! Have you started building your real estate team? Super helpful to start interviewing agents, lenders, contractors, etc so you can hit the ground running when you're ready to buy.

A great agent will help you find a deal and a great lender will build out the financial roadmap for your portfolio. I have interview questions I use, let me know if you want them. I'm in NJ and starting to invest in Ohio, and the questions have helped.