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Hi biggerpockets, I'm new! long time fan of site and podcasts.

I have long wanted to become a multifamily owner and venture into real estate.  After years of furthering my education and just beginning my professional career, I finally am at the right spot to begin seriously.  Planning to owner occupy, I will be able to purchase more with less down for this first time around. Because of this, its tempting to 'go big' (to me anyway) and jump at a 4 plex, rather than a duplex. I am being picky about location and what it looks like because my wife and I will live there, so the numbers dont fit the 50/2 rules. My goal is equity building.  Ive noticed the duplexes we like are around the low 2's with the 4plexs being high 3's.  This is the Tacoma, Wa area.  

So, I would really appreciate feedback: Your thoughts on first timer going duplex over four plex in terms of landlording, financial stability (savings/income) suggested to ensure safety net.  Ideas of normal restrictions on mortgages with owner occ (can we move out after we have, say 20% principal paid or after a timeframe?) 

About us, we are currently able to live with family for free.  I have just begun working for a couple months and make about 10k+/month. Student loan payments for professional school are about 3,500/mo, pay our own health insurance and netflix are pretty much all our monthly costs.  We aim to buy and hold and accumulate about 4 properties through standard mortgages. 


With that kind of income you will be find.  Duplexes will give you the learning curve you need before you eventually graduate to more units.   you will understand what do do in various situations.   Maintenance, dealing with tenants, expenses etc....

The great thing is you and your wife are working to build your dreams together.   Nothing better then building dreams with your best friend

Mr & Mrs Shoop, Welcome to Bigger Pockets!


Welcome. Take a good look at student housing. Fill in the foundation below.

Check out the Start Here page

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 70 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costs

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

Good Luck


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