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Updated almost 16 years ago,
Owning and living in a multi-unit
Greetings,
I'm a newbie when it comes to REI, and I'm looking to purchase my first piece of real estate property sometime this year. I am specifically looking at quads or triplexes, where I live in one unit and rent out the others.
I was curious if I should consider myself as a "renter" when I am calculating the cash flow on the property. The reason I ask is because when I look at how to calculate NOI I'm not sure if I should say I am my own customer, and charge myself rent.