All Forum Posts by: Akhil Nagapuri

Hey everyone, my name is Akhil and I currently reside in central Jersey and i’m looking to network with real estate agents who have experience with investing in multifamily properties.

I’d love to ask questions and gain some more insight on the market and learn the do’s & don’t’s when buying my first 2-family home.

I’m currently looking at middlesex county, monmouth county, mercer county and have at times looked at areas like North Newark, Kearny, etc, but my ideal location is middlesex county and a radius of 15 miles surrounding it.

Reach out, i’d love to chat with everyone!

@Kevin M. Hey Kevin, lately I have been looking at areas like North Newark. South Jersey is definitely an option given the home prices are a lot lower, but the appreciation isn’t there.

Are you currently house hacking your multi family?

@Jordan Wisser Hey Jordan, I live in Central Jersey and i’m currently in search for my first rental property, i’d love to network so we can ask each other questions and get a better understanding of the market together!

@Kevin M. hey Kevin, really appreciate you for getting back to me. I have tried to look at North Jersey for 2-family homes, but it’s either the purchase price or the property taxes that are just too high. I was looking possibly in Middlesex county or a bit more south.

Do you have experience in multi-family investing yourself?

@Kevin Hill Thank you for replying, Kevin. Good thing you brought up HOAs, i am not a fan of those fees whatsoever.

As for the FHA loan... that's a great point. Maybe I can do 3% conventional?

Hey everyone,

I want to house hack my first property here in central jersey (hoping to land one in Middlesex County).

Right now it’s difficult to find a duplex within central and north jersey, and for a second I thought if it would be better to start with a townhome as my first rental property/house hack?

Anyone here with experience in buying both a townhome and duplex? Should I stick to the duplex idea or go townhome?

Any major differences when it comes to FHA loans and the house hacking strategy?

@Stephen Kappre hey Stephen, would you recommend ever investing in central or north jersey?

@Joseph Scorese Thank you for your response, Joseph. Looking into south jersey, prices are really cheap

Hey everyone, so I currently live in Middlesex county in NJ with my family and i’m looking to buy my first duplex in April/May of 2021.

I want to house hack, that is of course, live in one unit and let the tenant pay as much of my mortgage as possible.

I want to ask my fellow Jersey residents or Jersey investors which counties you believe are the best places to start out in investing for multifamily properties?

I am aiming for cash flow on the first property... but of course it’s always an upside to find an area that has great potential for appreciation.

Thank you for all your help.

@Nate Bell Hey Nate, i’ve actually heard from a couple other investors and agents that the 203K and 203B loans can be a hassle in terms of paperwork and funding... however, i’m always open to hear both sides. I’d love to hear your experience with these particular loans.