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All Forum Posts by: Eileen Mee

Eileen Mee has started 1 posts and replied 2 times.

House Hacking

Post: South Jersey House Hack

Eileen MeePosted
  • Posts 2
  • Votes 1
Quote from @Jason Tarabokija:

Hi Eileen, I find that many NJ duplexes don't cash flow on paper. However, since you are trying to house hack it's nice to offset your mortgage payment while enjoying the appreciation and amortization on the property. Many people search for strictly duplexes but overlook the other value add opportunities such as ADU's. Feel free to connect if you have any further questions.


Hi Jason! Thanks so much for your reply & for this insight. We are definitely considering other ways to increase our passive income, such as occasionally renting a room in our own unit to a traveling nurse/resident, finishing an ADU or bonus area for airbnb, or renting parking spots. Will continue to look for value add opportunities. Thanks again.

0 Votes
House Hacking

Post: South Jersey House Hack

Eileen MeePosted
  • Posts 2
  • Votes 1

Hi! My fiancé and I are first time home buyers and hoping to house hack in South Jersey, specifically Collingswood, Oaklyn, Haddon Heights, Cherry Hill, or Merchantville areas. Many of the homes we are finding (and there aren’t many!) are duplexes. When we do the analysis, the homes are not cash flowing - but wondering if any real estate investors have had good success in these areas and any advice for a first timer? Thanks! 

1 Vote