A lot of the rents are well below that range in the areas I am looking.I am wondering if anyone else is investing in multifamilies here in northern NJ and can share some of their experiences with purchase price and rent rates etc.  

Thanks for sharing!

- One home as partnership with family- One home as partnership with a silent investorWhat I am looking to do moving forward:- Create a marketing machine to funnel leads to other businesses that I own/partner in- Self sufficient wholesaling business (employee run, profit sharing, partnership, etc.)- Self sufficient flipping business (team of employees)- Retail Real Estate brokerage for retail deals and property management (most likely acquire pre-existing prop management business)- Expand student housing portfolio- Build out-of-state portfolio for passive income- Possible: Create hard money lending company using OPMWhew!  

I am a licensed agent based in Phoenix, so i have MLS access and market industry reports I can share with you.  

You could have the LLC own a portion of the property and the other partners have partial ownership as reflected on the deed. 

Roy,Thanks for sharing from your experience!

I'll be sure to share my experiences with their competitiveness, their willingness to get the deal done, and customer service.

@Kay KeovongphetFor the profit sharing potion (employer contribution portion) of the plan that following may apply if your employer allows for it: The Employer Contributions being withdrawn have been accumulated in the PSP Plan for at least 2 years.For salary deferrals (employee contributions) Any employee contribution (including any earnings on such amounts) may not be distributed prior to the the Participant’s severance from employment, death, or disability.

They share the same sewer and the listing agent says they should be sold together because of this.I figured we'd live in the SFH and rent the triplex, but my concern is if this will qualify for 203k financing due to these properties being on different tax parcels, even though they are being sold as a package, so to speak, on the MLS.My other concern/question is, when house hacking, do you approach the financials a bit differently?

Funny how you would like to ignore the advice people have shared with you that own commercial real estate or have their property manager's license in the same state your property is in.