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Updated over 3 years ago,
Looking into NJ Multi Family Homes
Hi my name is Chris!
I am just starting a full-time job in Northern NJ and have recently become interested in multifamily units. My goal is to purchase a unit within the next year or so. I hope to live in one of the units while renting out the others. This is my first time getting into real estate so I'm constantly learning new information everyday from the research (ultimate beginners guide and podcasts) I have been doing. I do have a few questions regarding multifamily units specifically in Northern NJ since I plan on commuting into work from that area.
- Does it make sense as a first time buyer to go straight for a multifamily unit partial rental as opposed to a single family home flips?
- Does it make sense property tax wise?
Thank you for everyone's time!