Would you buy a 4 unit for your first investment property ?

[Steven Allen Jr]

Is it wise to buy a Four unit 400,000$ property for my first investment and live in one of the units?

[Donald D Michna]

@Steven Allen Jr I think purchasing a 4 unit property would be the best way to invest in multi-families if you are going to house hack as their is a greater probability of having your tenants pay your mortgage. Typically it is hard for your renter to pay for your whole mortgage when you have a duplex and depending of the property you may be just having your renters pay the mortgage with a triplex, but a 4 unit typically can pay for all expenses for the property. Depending on the location of the property, $100,000 per unit will provide you with a nicer investment, but will probably not cash flow very well unless you plan to purchase in a major metro. It is always easier buying something that is already fixed up, but you create real wealth when you can find a property that you can create equity. Creating the equity by fixing up the property to a better class or increasing cash flow by utilizing creative investment. 

Good luck on your future investments!