My first post ever on BP I am a newbie looking to RPI

[Juan Araujo]

Hi All,

This is my first time ever in bigger pockets it is my first time ever looking for a house to invest in.

Im currently house hacking and came across a property in Newark, NJ. It is a 3 family house it is occupied every tenant is on a month to month basis, taxes are 11,400 a year the house would rent out all 3 families for a total of $3800 rental income a month. The prize of the house is 299,000 but I will make an offer for 275000 because it needs some work possibly 5,000 in clean up costs and preparing it. What do you think should I jump into this deal or not how did you do it what would you recommend I do.