How a First-Time Buyer Used Smart Financing to Secure a Multi-Family Near Blvd East

Thinking buying a multi-family in Hudson County is out of reach as a first-time buyer?
It isn’t — if you know how to structure the deal correctly.

Recently, I helped a dual-income professional buyer successfully purchase a multi-family property in West New York, NJ, not far from Boulevard East — using a powerful combination of first-time buyer programs, down payment assistance, and strategic financing.

This is a great example of how preparation, education, and the right guidance can turn opportunity into ownership.

The Buyer Profile: Strong Income, Smart Strategy

My client wasn’t looking for shortcuts — he was looking for clarity.

Like many first-time buyers in Hudson County, he faced:

• High property values

• Competitive inventory

• Confusing financing options

• Fear of missing out on a great location

The goal wasn’t just to buy any property — it was to buy the right property, in the right location, with long-term upside.

Why West New York Near Blvd East Made Sense

This pocket of West New York offers:

• Proximity to Manhattan

• Strong rental demand

• Long-term appreciation potential

• Walkability and lifestyle appeal

Multi-family properties here don’t sit long — and when priced correctly, competition can be intense.

That’s why pre-planning the financing was critical before we ever submitted an offer.

Leveraging First-Time Buyer Programs & Down Payment Assistance

One of the biggest misconceptions is that first-time buyer programs are only for entry-level homes.

In reality, when structured properly, they can be used strategically — even on multi-family purchases.

In this case, we:

• Identified qualifying first-time buyer incentives

• Secured down payment assistance

• Locked in a competitive rate

• Structured the offer to remain attractive to the seller

The result? A purchase that balanced monthly affordability, long-term equity, and location quality.

Education Over Pressure (Every Step of the Way)

Multi-family purchases are more complex than single-family homes.

Throughout the process, I made sure my client fully understood:

• Cash flow expectations

• Financing structure

• Inspection considerations

• Long-term ownership responsibilities

Confidence comes from understanding — not rushing.

The Outcome

✔ Multi-family property purchased
✔ Great location near Blvd East
✔ First-time buyer advantages leveraged
✔ Strong long-term investment positioning

As Anthony shared in his review:

“Scott thoroughly explains everything along the process… He always goes the extra mile.”

You can read his full testimonial here:
👉 https://sellecksellsnj.com/testimonials

Why This Matters for First-Time Buyers in Hudson County

Programs and incentives change. Inventory shifts. Rates move.

What doesn’t change is the value of:

• Local market knowledge

• Strategic financing guidance

• Clear communication

• Long-term planning

That’s how first-time buyers turn competitive markets into real opportunities.

About Scott Selleck

Scott Selleck is a veteran real estate broker with over 32 years of experience serving Bergen and Hudson County buyers, sellers, and investors.

As founder of The Selleck Group at Keller Williams City Views Realty, Scott specializes in:

• First-time buyer strategies

• Multi-family purchases

• Complex financing scenarios

• Long-term wealth-focused real estate planning

📍 The Selleck Group | Keller Williams City Views Realty
2200 Fletcher Avenue, Suite 502
Fort Lee, NJ 07024

📞 Office: 201-592-8900
📱 Cell: 201-970-3960
✉️ [email protected]
🌐 www.SelleckSellsNJ.com