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Updated about 2 years ago on . Most recent reply

User Stats

30
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6
Votes
Ty Martell
6
Votes |
30
Posts

Buying multifamily as your primary residence

Ty Martell
Posted

I currently have a SFH as a primary residence but Is it possible to buy a 4-plex as a primary residence to get a lower interest rate and then rent out 3 of the 4 units and keep 1 not rented as my primary residence for 1 year before renting out all the while still living in my SFH?

  • Ty Martell
  • Most Popular Reply

    User Stats

    30
    Posts
    6
    Votes
    Ty Martell
    6
    Votes |
    30
    Posts
    Ty Martell
    Replied

    @Dustin Allen

    Thank you for the reply. It is most definitely not worth it. I was wanting to ask because I couldn't find a definite answer and figured someone on the forums would be able to tell me...mission accomplished. 

    my current situation doesn't allow me to move into the multi unit. I will look at different creative strategies to buy a MF property with less of my own money down.

  • Ty Martell
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