First multi-unit property (house hacking)

[Omar Castro]

hello there!

I will be putting a offer on a multi unit (4 unit) in Brighton park.

A little nervous,just wanted to know anyone's thoughts on the area as far as rental income investment.

[Matthew Olszak]

Originally posted by @Omar Castro:

hello there!

I will be putting a offer on a multi unit (4 unit) in Brighton park.

A little nervous,just wanted to know anyone's thoughts on the area as far as rental income investment.

Hi Omar - Nice job pulling the trigger on a 4-unit! Brighton Park isn't a super-exciting area for me personally, but I'm sure as you've seen there are opportunities. Just be careful with your rent comps. I've seen a number of listings claiming rents you'd get further East, but market rate is usually much lower. If the numbers work for you though go for it, the neighborhood has a solid rental base that usually stays long-term, and 4-units are becoming harder to find.