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Updated about 6 years ago on . Most recent reply

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J Therv
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Anyone Buying in New Jersey?

J Therv
Posted
Fairly new to the Real Estate game. I'm working full time and putting money to the side to make my first purchase sometime in 2020. Is there anyone on Biggerpockets that covers real estate in this area? Looking for advice on how to make buy my first house (preferably a 2 family) to invest. Where should my credit score be? How much for a down payment in areas like Newark/Paterson? Does the amount of money I make at my full time job matter when buying my first house?

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Tarik Turner
  • Lender
  • Hackensack, NJ
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Tarik Turner
  • Lender
  • Hackensack, NJ
Replied

The two area that you mentioned are going through a rough patch- Had another lender recently tell me that 25% of their mortgages in Patterson went under. Make sure you know the area well and that whatever lender you are working with approves of the deal prior to signing the contract

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