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New Jersey Real Estate Q&A Discussion Forum

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E.J. McLeavey-Fisher
  • Maplewood, NJ
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Buying a home and trying to invest otherwise

E.J. McLeavey-Fisher
  • Maplewood, NJ
Posted Nov 24 2017, 16:34

Hi everyone,

My family is planning to move from NYC and buy a home in northern NJ in the near future (likely Montclair/Maplewood/SO).  At the same time, I'm hoping to start investing via a small multifamily building somewhere within a reasonable drive of that area (looking as far as Philadelphia area but ideally closer). 

But as reality sets in, I probably can't swing both financially at the same time.  I'm eager to start investing though, so I'm wondering what people here would do...wait until after buying the home, save up for another couple of years, then invest in something described above or take a smaller amount of money in the meantime and try a crowdsourced investment.  Or something else?  I'm not looking for an immediate return/cash flow necessarily, if that helps.

Any thoughts are greatly appreciated.  Thanks!

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