#2 All Forums Contributor
- Real Estate Broker
- Lake Oswego OR Summerlin, NV
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Advantages of first time buyer : Owner Occ plex as opposed to cash flow in out of area market
#2 All Forums Contributor
- Real Estate Broker
- Lake Oswego OR Summerlin, NV
Advantages:
1. choose your tenants by owner occupying your duplex or 4 plex your not subject to the national discrimination rules.. You can choose your tenants ( hand pick them) discard any for any reason..
2. when you sell you get the owner occ 250 or 500k exclusion.. I know in non apprecating markets this may not be a consideration but in markets were values will move this will make up for years of cash flow in a non appreciating asset.
3. Owner Occ low down mortgage you can leverage into a very nice property for far less up front money.
4. You can stay right on top of your asset since you live there. and since you hand picked your tenants you should have a pretty tight ship.. and not subject to PM and other risks associated with out of area rentals.
Anything else ? any counter points to this argument ?
