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Updated over 12 years ago,
First time home-buyer (owner occupied 2 family)
Guys
I really need some advice here. In fact, if you have some time to chat over the phone, please PM me and I'll send you my number
I'm a first time home buyer and hoping for a future in real estate. I currently rent and looking to buy into this 2 family (will occupy one unit myself) and the other one is already rented. I'm trying to make calculations for cash flow but don't know if I can apply the same formulas that you folks use when you buy a bldg and rent the entire bldg
I have concerns around appreciation levels vs SFH, having too little income for the amount of work, etc. This is in Queens, NY within 3 blocks from the rail where I believe 2 family homes are in demand as much as SFH
If someone can spare some time, send me a PM. I'll highly appreciate it
Thanks