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Updated almost 2 years ago on . Most recent reply

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Quiana Berry
  • New to Real Estate
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Succesful Househackers in the NY, NJ, LI, CT area?

Quiana Berry
  • New to Real Estate
Posted

Hello,

I am looking to buy a multifamily and househack in the NY, NJ, CT or LI area. The goal is to not be more than 1 hr away from NYC. Any one pulled this off recently and made it work? Any areas you recommend doubling down in ? 
I know the landlord laws are not as friendly in these areas but I am looking to be close NYC and be near hospitals for travel nurses if I go that route. I know these markets are diverse but I would appreciate any pointers or contacts.

Best,

Qb

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Replied

Currently in search for my first house hack in the Tri State Area as well. One piece of advice that has helped me is realizing that this market is expensive so when analyzing deals you may not be able to find a deal where you cashflow while you're in the property. Breaking even or paying less than market rent is still a win because you save money in rent you would have been paying. But make sure that when you do move out the property cash flows. Good Luck! 

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