Retired military back to school wanting to house hack
2 Replies
Joshua Hilliard
from College Park, Maryland
posted over 3 years ago
Marsha Gordon
Investor from Somerset, New Jersey
replied over 3 years ago
Hi Joshua, looks like you're off to a good start so far. I'm an investor and realtor in the Central NJ area. I'm open to providing you with assistance with your search and I can provide you with some resources. Feel free to PM me and Happy New Year!
Dan Bernstein
Real Estate Agent from Alexandria, VA
replied over 3 years ago
@Joshua Hilliard You might want to consider using your VA to purchase a 4 unit. I'm not sure on Piscataway, but the loan limits on VA and FHA in DC are over 1.2 Mil since we are in a high cost of living area. That means you can purchase a residential multi with a very cheap loan. If you have a lot of equity in your DC home, you might consider selling and buying a larger commercial multi near campus. I would also line up some property managers if you are considering renting the property. It will be difficult to manage your property out of state.