Middletown NY first three family home
Good day bigger pockets family!
I just got an accepted offer of 265,000 a 3 family owner occupant home. The house has two, two bedroom apartments which I am thinking to rent at 1,500 each. The basement is a one bedroom and I am thinking of living there or have a family member live there until I can get situated and move. My biggest issues is that there is one furnace for upstairs apartment and in basement is forced air heating. Hopefully my mortgage is in the 2k range and I can get by on 500 utilities. Do you think it is worth it? If i rent basement for a few at about 700 it will still cash flow upwards of 1k which is a goal of mine