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Episode 22: Client Success Stories -- Meet Kyle, a Condo-Hacking Millennial
NJ Real Estate Radio: A Podcast for Home-Buyers and Investors
English - January 11, 2022 14:00 - 39 minutes - 27.4 MBInvesting Business Education How To real estate nyc metro northern nj investing realtor agent real estate market buying a home Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, we'll meet my client, Kyle, who chose the "condo-hacking" route for his first purchase. Kyle reached out to me on March 13, 2020, just a week before NYC shut down all "non-essential" businesses. Kyle wanted to buy his first property and ended up getting under contact and closing on a 3 bedroom, 2 bath condo in a rapidly gentrifying area south of Journal Square in Jersey City.
In this interview, we dive into what his numbers look like as a "condo hacker" (compared to what he was paying renting with a roommate in Hoboken), what lessons he learned during his lengthy purchase journey and in the year since he closed on his first purchase, what he would do differently next time around, advice for rookies just starting their real estate journey, and much more.
If you've been renting and are considering buying a condo and perhaps finding a roommate to lower your out of pocket cost, you do not want to miss this episode.
As always, you can reach out to me with any questions at [email protected].
And please follow me on Instagram @Max.Vishnev.
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