All Forum Posts by: Kevin Manafi

@Lisa Alexander House hacking in Hudson County is a great way to break into real estate investing, especially in this current market environment with inflated home prices and ultra-low interest rates for owner-occupied properties. Feel free to connect if you'd like to discuss more --- I recently completed a house hack in Hudson County last June.

Hi Abbas, depends what your definition of "high-yield" is, but there are some areas in NJ that you could look in Union and Hudson county if you are willing to wait 5-6 years for an exit. As mentioned above inventory is indeed low and you may face bidding wars, but I have found success finding deals that fit my criteria with solid cash flow and cash-on-cash ROI in Elizabeth. Feel free to DM me and we can discuss further.

Hi @Jonathan Cavallone...I agree with what is being said above. In Northern NJ, $300k is pretty much the lowest you can go to find even a halfway-decent cash-flowing investment property. However, there are some areas in Hudson County outside of JC and Hoboken where I have found success finding pretty solid cash-flowing deals above 6% like Elizabeth and Bayonne where I bought a rental after graduating last year. Feel free to connect with me and we can discuss more.

Hi David, 

Welcome to investing. I'm from Bergen County as well, born and raised. There is indeed a way to leverage being a first-time homebuyer to qualify for low down payment mortgage programs by living in one of the units---this is a popular strategy called House Hacking. I just did this last year and had great success and now own a cash-flowing two-family in Hudson County.

Please feel free to DM me for more information!

Hi all,

Just wanted to introduce myself! I'm a Real Estate Investor and Agent in Northern NJ, born and raised. I am very familiar with Northern NJ specifically, but invest in cash-flow producing multifamily rentals in Hudson County and currently have one in Bayonne. Looking to connect with fellow BP members and discuss real estate!

Hi all,

Any tips/best practices for preparing a fully-rented investment property for a lender appraisal (two-fam)? I'm doing a rate/term refinance and am toeing the line for the LTV I need, so any and all advice is much appreciated. Also, how to tell the tenants/ask them to tidy up for the appraisal without spooking them that the house is being sold or something of that nature?

Thanks in advance for the help.