NEWBIE FROM NYC

[Sandra R.]

Hi my name Sandra R and I am new to the BP and upgraded to Pro to further enhance my knowledge on REI. I am learning about investing multifamily or house hacking. Looking to be my own boss while obtaining passive income thru REI. So looking forward to meeting other members interested in investing house hacking.

[Sagar Naik]

hey Sandra I am new also I'm in the central NJ area about 45 mins from NYC. I'm also looking into multifamily units in the area. The only real moves I've seen that are interesting is "subject to" sales and using an FHA loan where you only have to put 3.5% down. There's a lot of researching the numbers that I'm doing now and anytime you have a tenant you have to drum up a lease so there's a legal aspect to it as well