Cash flow on first owner occupant.

[Colby Todd]

Hi,

I am getting ready to make my first investment, and scouring through a few markets in the area for a 2-4 unit house. I plan to occupy one unit with my family. I have been mainly coming up with homes that will reduce my current rent, but almost none that will produce a positive cash flow. 

I am not opposed to a reduced monthly expense, however would it be wise to stay patient and keep looking around for something that cash flows.

Thanks

Colby Todd

[Ray Harrell]

2 unit, owner occupied = reduced owner contribution

3 unit, owner occupied = no owner contribution

4 unit, owner occupied = small cash flow

These are my guidelines, but it depends on the price you pay, and assumes 100% tenant occupancy.