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Updated about 4 years ago on .

User Stats

2
Posts
1
Votes
Sang Woo Kang
  • Bedminster, NJ
1
Votes |
2
Posts

Investing in New Jersey- Found a deal

Sang Woo Kang
  • Bedminster, NJ
Posted

Hello! I am a new investor, with limited knowledge. I am currently based in Central New Jersey. I had a question about residential investing, I am working out a deal where I will be working directly with the owner of the home. I currently own a home and have some mortgage payment paid off (35k left) I recently had a death in the family which caused me to take time off from work and go into unemployment; however, after two months I have recently took over my family business in the mean time and has become the breadwinner of the family. Are there any suggestions for loans when out of unemployment, am I allowed to leverage off of my personal home in order to get a loan to invest in the property? Any suggestions?