All Forum Posts by: Maurice Lyle

Kirt Cable I'll call tomorrow ...I'm just seeing this

Louise Alexander thanks for that...yes house hacking is the ideal situation the amount of money I could save would be amazing...I'm trying not to get too impatient...I want to make sure I make a sound investment with as little risk as possible...

Very interested in this property is it still available?

I’m looking for a bit of advice, seems I have a slight dilemma. I'm currently on the market for a home in NJ. I was leasing an apartment on the Hudson with views of the Statue of Liberty and NYC skyline for close to $4000 per month. I've decided once my lease is up I would not renew. Going forward I would like to pocket some or possibly all of that money and use it to invest in RE. My ideal situation would be to house hack a 3 or 4 family home and use the money I'm saving by house hacking to get a second home and apply the brrrr strategy. I've been using the calculators to evaluate potential deals for the house hack. However it seems likes the best deals are in neighborhoods I wouldn't necessarily want to live in even if it’s only for a year or so. Also when I do come across good deals in ok areas the house tends to go a little quicker than I can get my contractor to check out the property. I work full time so I don't have a lot of time to spare. The second option would be to do a flip. It seems like it may be easier, I can't say I'm sure about that being this is my first go round but my realtor mentioned a single family fixer upper may be easier to come across than a nice priced multi-family because a lot of people are looking to house hack.

So the question is, should I hold out for my ideal situation as far as the house hack is concerned or do I just attempt to do the flip? By the way I'm financing using the 203k loan. Any advice would be extremely helpful.

Congrats! Hopefully I'll be doing the same in the next few months!

Odie Ayaga thanks for the welcome! and I'll do that.

Wow you're the man... send some of that luck this way!! congrats!

Hey guys.... the name is Maurice... I'm new to bigger pockets and I'm really interested in networking with anyone in New Jersey or the surrounding area that's just starting out in real estate investing and others who have been doing this a while. Im a Finance guy by trade and I work in Jersey City as a Finance Manager. I'm looking to share ideas and techniques ...overall just to pick someone's brain who's been doing this for some time. It's great to look over forums and listen to podcasts but there's nothing like live person to person interaction to really get the ball rolling. I think there are some great opportunities here in the NYC metro area. So anyone looking to meet up network and share ideas please comment and let's make it happen! -Moe