House Hacking in South Jersey

[Latasha Parker]

Hello everyone my name is Latasha. I am new to Real Estate. I want to get started. I have a 5 year old. I want to be an Real Estate Investor. I live in South Jersey. I don't have a house. I want to buy one but I want to start investing first. By watching podcasts and reading some of the blogs I learned about House Hacking. I wouldn't mind doing something like that. What are your thoughts with house hacking in South Jersey? What's your experiences? I feel what's stopping me is that I have 2 loans I want to get rid of. Does anybody have any ideas and tips?

Thank you

[Joseph Scorese]

Hi @

Welcome to BP!

Love house hacking since I did it before it had a slang name.  First, see what you are qualified for with combined rents to the 2-4 units and your income and see your buying power. See if the location matches with strong transportation spots (train, bus) Then look at the taxing in the towns and research the community to see if there is appreciation and cost benefit for a long term hold.

Let me know if you have any questions.

Regards

Joe Scorese