Hi All,
I’m looking to buy an investment property - live in one unit and rent the other. Any one else do this? Anyone else have any advice, issues, suggestions? Problems with tenants? etc.
Thanks.
I have heard of others doing this in the past and it worked out for them the cool thing about it is you can then get owner occupied financing to increase your cash flow on the unit! You also can keep a really close eye on your property. Why not if it makes common sense what other sense does it need to make?
I wondered whether ppl had issues with the tenants, given the are so close to the landlord. etc.
my uncle actually owns 4 2 units and lives in the bottom of one and has a mother in law living in one so that she doesnt need to live in assist living but anyways he has had nothing but good so far doing this
…
I’m sure she has a line item in her personal budget for housing…she has to live somewhere!
Keith
I bought my first two unit and lived in it for years. It worked out great and I think it is a perfect way for investors to get started.
