Finally purchased my first multifamily investment property at 21

[Aristone Louxz]

Good Evening Bigger Pockets, 

After 3 years of hard work I've been able to get my first multi family Property in west new York, NJ. I closed the deal in the end May 2016 and I'm now on my second mortgage payment. I was able to get my property with an FHA loan. The property is a duplex, 3 bed over 3 bed and a finished basement with 4 bedrooms and 2 bathrooms. I'm currently renting both 1st and second floors and staying in the basement. The rental income falls about $200 short from covering my monthly mortgage payments. (I cant complain though I'm paying $200 rent basically ) Im just giving everyone an update and would appreciate any feedback on what to expect as a new home owner and over all any advice

thank you!

[Lorcan Malone]

Congratulations Aristone!  Sounds like a fantastic house hack.  $200 a month is great, well done.  

Care to share the financial details?  Purchase price, rents you are getting?

4 bedrooms in the basement, sounds like a sizable basement unit.  

Good Luck with your future endeavors!