All Forum Posts by: Justin Demember

@Frank Patalano I just bought my first property (duplex) earlier this month. I want to buy a second but I feel like I don’t know all the mortgages options. Available to me. I am unable to househack since I live in Southern California and I buy properties in a small town in NY where multi family homes sells between 35-90k with 2-4 units. I don’t want to use the wrong loan and it costs me down the road. I want to eventually live off rental income, so I’d like to learn the easiest ways to finance.

A 50/50 partner and I just purchased a duplex with a conventional loan. We have a tenant in each tut came with the property and receive 1000 in rent. P&I is $200 with taxes and insurance NOT in escrow. We have no idea the implications come tax time year and are looking for any advice or tips so we can prepare. (We will be seeking an accountant soon)

Thanks !!