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Updated almost 6 years ago on . Most recent reply
House Hacking In Central New Jersey
Hello everyone,
I am trying to get started in real estate investing in the next several months. I live in Central Jersey and am currently finishing up my schooling to become an RN with my BSN. I want to house hack in Central Jersey, preferably in Mercer County or Middlesex County. I want to get a multi-unit property and live in one unit and rent out the other units. I have an excellent credit score with no debt and am currently saving up money, which will increase once I start working as a nurse soon. I want to know if it is worth it to start house hacking in this area. Any help/advice would be greatly appreciated. Thanks.
Most Popular Reply
I'd say if you're young and relatively unattached, house hacking is great in any area. My first investment was a 4-unit I bought using FHA financing (3.5% down) in the Los Angeles area. While my friends were paying through the nose for L.A. rent, I was living for free, generating cash flow, and building equity in a property.
Good luck!