Multi family in an expensive market

[Anamaria Ivan]

Hi. I live in Bridgeport, Connecticut and looking to purchase my first multi family by the end of the year. How can I find a good deal to possibly cashflow once I move out and rent the other side of the house? Connecticut is very expensive and not too many multi family on the market. Thank you, 

[Joseph Cacciapaglia]

This is the main reason that a lot of people on both coasts are into the remote investing idea these days. You may not be able to find a multi in your market that will cash flow, unless you're willing to do a significant rehab. If you're not interested in investing out of state, you are probably still better off buying a multi in your area that doesn't cash flow, than you are just buying a home to live in. You may be able to at least reduce your cost of living, and also benefit from the appreciation and equity pay down on the whole asset.