All Forum Posts by: Brooke B.
Brooke B. has started 2 posts and replied 5 times.
Post: How do I figure out what towns have multifamilies (besides driving for dollars)?
- Posts 5
- Votes 0
Thank you to everyone! Will definitely do more research based on these answers.
Post: How do I figure out what towns have multifamilies (besides driving for dollars)?
- Posts 5
- Votes 0
I guess I am also considering PA because of the reasons you gave but I am aiming to be halfway between NYC and Philly, which is about New Brunswick. My community/weekend events are mostly in central Jersey, Jersey City, or NYC so that's why I am thinking NJ. If I were to do PA, it'd have to be a town very close to Jersey and more northward like New Hope. I am still loosely considering places like that in PA but I am thinking those towns are probably more expensive or too small of towns like Erwinna or Lumberville. I feel kind of anxious having a PA property, my first one, along the Delaware River. I need to do more research but yeah any advice you have on PA vs NJ, feel free to add. Thank you!
Post: How do I figure out what towns have multifamilies (besides driving for dollars)?
- Posts 5
- Votes 0
Hello,
So I am buying my first property this year- a duplex, triplex or fourplex and renting out the other unit(s). I have already spoke to a lender about what I can afford but now I need an agent. Every time I try to find an agent, it forces me to put a ZIP code first. How on earth am I supposed to know which ZIP codes have multifamily homes without driving and looking everywhere? How am I supposed to choose an agent per ZIP code when I have multiple towns I am considering? I'm aiming for central New Jersey but am an hour out in PA. I have about 10 towns I am considering so I need to narrow it down and am not sure how to. How am I supposed to find an agent by ZIP code when I don't know which ones even have options?
Post: How do I figure out how much I need for a househack?
- Posts 5
- Votes 0
Hello!
My plan is to househack a duplex within an hour from Philadelphia but not actually in Philly. I will live in one half and have 2 tenants in the other half. I think 150-250k is a good range for prices to look for (but please correct me if I'm wrong!).
I am 26 years old and work as a financial analyst making 65k a year and expect to get a raise (will probably change to 70k) within the next year. Unfortunately, my student loans have really depleted my savings. Currently only have 12k in savings...but I do have a credit score of 744. Talked to one lender and they said I will need at least 20k to start shopping properties. I am hoping to obtain down payment assistance since without it, I would basically have no savings...basically, I am just looking for a dollar range I can strive for so I can plan accordingly. Or if someone could provide a calculator/calculation for finding out this number range, I'd appreciate it. Thanks!