Updated over 12 years ago on . Most recent reply
2 family rental, need opinion
I am looking to purhase a 2 family home half of which is currently rented out. I am told the renters enjoy their spot and would like to stay. The second no rented spot is out dated and will ne renovations. This property is a short sale. If i were to purchase it i could live there and have close to 3/4 the mortgage paid for by the current renters. 1.In your opinion do you think this is a smart situation for a first time RE investor? 2. Are multi family homes recommendable for someone first starting to invest in rentals or is it a big jump? 3. If this is a good investment would it be in my best interest to live on site and pay cheap mortgage or try to rent out second half and pay house off way faster?
- Shawn Mcenteer
- 9739753895
