Quote from @Brandon Morgan:
I am new to real estate and was originally planning on doing the house hacking method to get started but in my area getting a multifamily is nearly impossible nowadays. I am in NJ and I already got preapproved for a loan and have about 30k cash at this moment. should I go for a single family or condo for now instead since they're more available? are buying condos worth it? I am also applying to work remotely to see if that can get a remote job. I am open to any suggestions.
Hello Brandon,
Great that you got pre approved for a loan, you are already further than most people in that respect. Go for a SFR, they have the most inventory to search for and it also gives you many options when moving out to another place, i.e. you can continue to rent by rooms, rent the entire place out, sell it, etc.
Best,
