1st Multi-family Property (2,3,4 unit) - NJ preferably Union Co.
Wow! I have been active on BP for a few months now. The podcast really get me going. I am however feeling bummed out about REI. I teach in Union County, NJ (Plainfield, NJ). I like my job, but I do not want to be a slave to the 9-5 for the rest of my life. I am looking to buy my first rental property.
-I have pre approval (250K) since March of 2015.
-I have put two offers on duplexes in Plainfield, NJ. (outbid by cash buyers)
Are the deals out there? In Union county at least.
I am looking to break into Multifamily investing. I have pre approval but haven't been able to lock down my first house yet. Any advice for someone looking to buy in Union County. I work as a teacher in Plainfield, NJ - so I am looking for my first house to be somewhat close to my job (30 mins or less.)
If you have any advice on getting my first deal secured please respond. My impression of the market is that If I am not a cash buyer I will not be able to get any multi's esp. in Plainfield.