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Updated almost 5 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Charles Pallas
  • Monmouth County, NJ
3
Votes |
10
Posts

NJ Multi Family - First Time Homeowner

Charles Pallas
  • Monmouth County, NJ
Posted

Hello!

I am currently looking for advice/tips on buying a multifamily home in NJ, preferably a duplex or triplex, in which I can house hack. As many of us know, the NJ market is competitive and can be expensive. This will be the first house I will be purchasing and although I could likely find a single family home within my budget, I do not want to postpone my real estate journey and would prefer a multifamily. I am also trying to buy something in a decent area where crime is relatively low for I will also be living in the house. I began reading the book "Long-Distance Real Estate Investing" which is very interesting, but for my first home it makes most sense for me to buy in NJ for this will be my primary residence and my current job is in NJ. 


Any advice from others who have gone through the same experience would be awesome and much appreciated! In the meantime, I am trying to read up and practice with the rental property calculator tool to get more familiar with analyzing properties.

Thank you,

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