Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

153
Posts
64
Votes
Eric A.
  • Queens, NY
64
Votes |
153
Posts

FHA possible anywhere in NYC?

Eric A.
  • Queens, NY
Posted

Hello BP, I've recently decided I'd like to try and house-hack with an FHA loan in NYC. I currently rent an apt in Park Slope, but obviously I'm priced out of buying here. Due to limited cash in the bank at the moment, FHA is pretty much the only way for me to get in the game.

Can anyone recommend decent neighborhoods in either Brooklyn or Queens, where I can find something near the FHA limits? Ideally they'd be safe neighborhoods with solid appreciation upside. My purchase price limits are roughly:

2 Family ~ 850k

3 Family ~ 1mm

4 Family ~ 1.25mm

I started looking this past weekend, but the buildings were in depressingly bad shape or had bedrooms that were 6 feet wide (I have a family).  Thanks guys, I'm really trying to avoid moving to Jersey, but I am also eager to begin my RE journey.

Loading replies...