New Investor Looking to Get Started

[DJ Kleinbard]

Hey Everyone, I am in the process of educating myself as prepare to dive into real estate investing, but I'm finding the biggest obstacle, as I'm sure it is for a lot of people these days but especially as someone living in the Tri-State Area, is affordability. Would love to hear from some experienced investors in the area as to how they combat this.

I am specifically located in Northern NJ. I have no debt, a high credit score, and a good chunk of cash saved up for a down payment, but I have struggled finding a lender that will lend me enough to buy anything in the area because I still work an entry level freelance job for my main source of income. Would love to hear from some others on this forum!

Thanks in advance,

DJ

[Jessica Tsao]

Quote from @DJ Kleinbard:

Hey Everyone, I am in the process of educating myself as prepare to dive into real estate investing, but I'm finding the biggest obstacle, as I'm sure it is for a lot of people these days but especially as someone living in the Tri-State Area, is affordability. Would love to hear from some experienced investors in the area as to how they combat this.

I am specifically located in Northern NJ. I have no debt, a high credit score, and a good chunk of cash saved up for a down payment, but I have struggled finding a lender that will lend me enough to buy anything in the area because I still work an entry level freelance job for my main source of income. Would love to hear from some others on this forum!

Thanks in advance,

DJ

 
I did a DSCR loan on my property. Happy to connect and answer questions.
there’s hard money lenders that will lend up 80% with no experience. 😊