All Forum Posts by: Kyle Engle

@Trevor Haney - thanks for the feedback! Interesting to hear your personal experience as well - thanks for sharing.

@Dan H. - Thanks for the feedback! I posted this example with hopes to learn and network with local experts in the SD area. Great tips for our next steps.

@Kimo Quance - Good to hear and get confirmation on which route to consider, thank you. We're pretty flexible at the moment with both of our jobs fully remote. Currently, we are studying up /reading books/blog posts/ podcasts, talking with other realtors/investors in the area, and evaluating new listings daily.

My wife and I are looking to make our first home purchase in San Diego and would prefer to invest in an owner-occupied multi-unit building. We found a recent property that we could live in, but not be cashflow positive until after Year 5+ (with conservative assumptions). What are the pros/cons or factors to also consider this opportunity? First time posting, would love to hear feedback and route any calculators for this type of option! Thank you.

Property details:

• - 3 unit building (2bdrm, 1bdrm, studio)
• - Rental Income (approx): $5,500/mo
• - Mortgage (approx): $7,500/mo
• We would choose to live in the 2bdrm, which would cut the rental income to ~$3,000 ($4,500 to cover the remainder of the mortgage)

Alternatively, the single-family option:

• -We buy a single-family home and pay the mortgage of ~$4,500.

My wife and I are looking to make our first home purchase in San Diego and would prefer to invest in an owner-occupied multi-unit building. We found a recent property that we could live in, but not be cashflow positive until after Year 5+ (with conservative assumptions). What are the pros/cons or factors to also consider this opportunity? First time posting, would love to hear feedback and route any calculators for this type of option! Thank you.

Property details:

• - 3 unit building (2bdrm, 1bdrm, studio)
• - Rental Income (approx): $5,500/mo
• - Mortgage (approx): $7,500/mo
• We would choose to live in the 2bdrm, which would cut the rental income to ~$3,000 ($4,500 to cover the remainder of the mortgage)

Alternatively, the single-family option:

• -We buy a single-family home and pay the mortgage of ~$4,500.