Updated over 4 years ago on . Most recent reply
Still Looking for First House Hack/Future Rental
I'm in Central New Jersey, Mercer County. I've done several wholesale deals, fix and flip, bought tax liens, and did a private money loan. Most of these were in areas I wouldn't want to personally live in. I have yet to buy any rentals, and I'm currently renting. I don't know why, but I still haven't bought a property to live in. I was inspired by Biggerpockets for a while to house hack, but there doesn't seem to be too many multiunits in my area. I need to start buying a house hack and rentals asap. I am qualified for a 203k loan and can probably qualify for conventional loans as well, as I work full-time as a Registered Nurse (RN) in a hospital. I need to start getting cash flowing property, can't be working as an RN forever. The stuff on the market is overpriced, so I'm thinking off-market may be the best way to go. Any recommendations on the best way to go about getting a primary residence at this time that can be used for house hacking or rental in the future?
Most Popular Reply
@Evan Gross - Do you know what towns you would want to live? Pull a list of all the Multi Families and Start Marketing to them. You can offer a unique message, since you are looking for a place to live and getting a mortgage. Probably the perfect combination of a multifamily seller not in any rush to close because has rental income, but ready to sell and move on.