Feel stuck in NJ market and would like advice on which is best

[Mario Gonzalez]

hey everyone, 

im new and 26 i want to house hack a 3 unit asap while the rates are low now. I want to buy for cash flow and put down 5% conventional loan or fha but areas taxes /salt is making it hard. I wanna be realistic  with whats out there and what i can get. i check areas like paterson newark etc cause other areas dont seem to cash flow and im not use to them. 

is it still possible to find a 3 unit to house hack and cash flow at least $200 per door after living in the place for 1 yr ? or would out of state be my best example philly? or even buying AC 

[Dan Barli]

It seems that you should look at out-of-state markets, where you can attain better cash flow than in NJ. Did you already speak with a mortgage loan officer? Do you qualify for a 5% down loan? Be careful with mortgage insurance, which can eat away at your cash flow. Things are definitely possible, but you have to look hard to find the deals.