Build experience and track record before even thinking of asking your friends or family (or please no, strangers) for money.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

. - RU-2, TWO-FAMILY RESIDENTIAL DISTRICT[19]SHARE LINK TO SECTIONPRINT SECTIONDOWNLOAD (DOCX) OF SECTIONSEMAIL SECTIONCOMPARE VERSIONSFootnotes: --- (19) ---Cross reference— Height of fences, walls and hedges in RU Districts, § 33-11; location of swimming pools in RU-2 Districts, § 33-20(c); maximum setback for principal residential buildings in RU-2 Districts, § 33-45.Sec. 33-201. - Uses permitted.SHARE LINK TO SECTIONPRINT SECTIONDOWNLOAD (DOCX) OF SECTIONSEMAIL SECTIONCOMPARE VERSIONSNo land, body of water and/or structure shall be used or permitted to be used and no structure shall be hereafter erected, constructed, moved, reconstructed or structurally altered for any purpose in an RU-2 District which is designed, arranged, or intended to be used or occupied for any purpose, unless otherwise provided for, excepting for one or more of the following uses:(1)Every use permitted in RU-1, RU-1M(a) and RU-1M(b) Districts.(1.1)Workforce housing units in compliance with the provisions of Article XIIA of this Code.(2)On lots meeting the requirements for two-family use, every use as a duplex or two-family residence, including two private garages.

I’m a first time homebuyer looking to purchase a single family rental property in NJ.

Investment Info:Single-family residence other investment.

I will need to be hiring a contractor to do a gut renovation on a single family home soon.

Family time available more often this way.

Therefore, if you are already spending $30K all in for something not much bigger than a hot tub, why not spend another $10-20K for something that a family or group can enjoy and actually play in together? 

Investment Info:Single-family residence buy & hold investment.