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Updated over 2 years ago on . Most recent reply

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25
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Jeff Puciato
  • Real Estate Agent
  • New Haven, CT
10
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25
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Multi family investing

Jeff Puciato
  • Real Estate Agent
  • New Haven, CT
Posted

Does it make sense to owner occupy a 3 unit at a 600-700$ loss per month until I rent out the 3rd unit after a year of living there ? Afterwards would profit estimated 500 a month. My concerns are a low cash flow for a 3 unit after a year and the uncertainty of the housing market/possible decrease in home values. 

Thank you in advance 

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1,490
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942
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Matthew Crivelli
  • Lender
  • Massachusetts
942
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1,490
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Matthew Crivelli
  • Lender
  • Massachusetts
Replied

@Jeff Puciato

If the goal is to get into your first multi-family without having to put down 25%. This is a solid way to do it. You may not cash-flow great but your personal housing expenses will be low and you will own a 3 family. You can move out a year later, rent the 3rd unit and possibly do it again. Makes sense to me! 

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