All Forum Posts by: Priscilla Cheng

Thank you so much everyone for the great advice!

Hello,

I’ve been living in one unit and renting out the other in San Francisco for the past 7 years and I'm thinking about investing in a larger multi unit building (hopefully close to 10 units). I'm thinking about some towns in California, away from the bay area or in  areas like Texas or Virginia. I would like  buildings  that will give me good profit after paying all expenses. 

I would appreciate any advice from people who've done this before. What are things I need to watch out for or consider when buying a multi unit vs a single family/duplex?  Thanks!

Thanks! It was not occupied when I bought it. It was bank owned and my agent happened to show it to me soon after it came onto the market.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $685,000
Cash invested: $130,000

Bought a 2-unit home in San Francisco. Renting one unit pays for my own living space - able to live rent-free!