New Jersey House Hack

[Kevin Hoodwin]

Good afternoon BP community,

I am in the military and will be stationed in New Jersey starting next month. I'll be moving from Texas. I was thinking about using my VA loan to acquire a property and house hacking it. I already called USAA and got preapproved. After I PCS to a different base, I'd rent the property outright to a tenant.

I wanted to know your thoughts on the NJ market, laws, trends, etc...?  I'd appreciate any and all input/feedback!

Best,

Kevin

[Shawn Mcenteer]

Hi @Kevin Hoodwin Thank you for your services.   NJ is great state for house hacking multi family properties.  Depending on which base you will be stationed at will vary heavily on the markets that will make most sense.  As for trends, demand for multi family properties are high right now.  They are not easiest to get your hands on but with some creativity deals are to be found and won.  Regarding the laws I would recommend you start doing some research on your own and when you come across something that doesn't make sense ask the forum.  My wife and I house hacked throughout North Jersey, feel free to reach out anytime if you need help.