Jersey City - First Time Home Buyer | House Hacker

[Sam Hopwood]

Hi All

I will be relocating to Jersey City soon from South Africa. I currently have a pre-approval for 700k and am looking to find a multi-family unit with one apt. to live and another to rent out. We are looking to be close to public transport routes into both Newark and Manhattan (Journal Square area would be ideal).

I appreciate that this is a very open question but does anybody have any advice given we are totally new to the area and indeed the country?

We are doing as much research as possible on the property market and legal environment, have a realtor and lawyer assigned to us. Bond will run at ~3.2k per month so we don't foresee making positive cash flow whilst house hacking but would fully expect to once we move out and have both/all homes rented out.

Really happy to hear from anyone as we want to definitely take action in the next few months if possible

Thanks, Sam