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Updated over 2 years ago,
House hacking my way into my first home
Hey everyone, Im Jon
Im very new to the real estate and I am looking to learn as much as I can. I reside in Elizabeth, NJ area. I am highly interested in house hacking my way into my first home.
Im a full-time construction worker and NYC Real Estate agent as of last week. I got pro with the intention to analyze one deal per day from here on. I have 191 days 11 hours and 24 mins as im writing this post before i burn the boats and take the island (quit my job and go full time self employed). I understand I NEED to eliminate my biggest living expense which is renting. I’m currently renting a 2 bed flat for 1315 a month in Elizabethport and i want to house hack in Jersey City or in that first island of Jersey to be closer to work in NYC. I also understand the safest bet is find a property where i can handle the mortgage by myself if need be.
As i look and see the average payment at double where I'm currently at. I think I wouldn’t find anything near where I’m at, so I’m asking for guidance.
I’m building my credit,
And don’t have the money, I know that these are not deal killers for getting into Real Estate so I'm not worried.
I guess im looking for someone who took a similar path to compare notes with.
Thanks in advance