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Updated 12 months ago,

User Stats

4
Posts
1
Votes
Tee Ward
1
Votes |
4
Posts

Buying a multi- unit. But want to live it in myself.

Tee Ward
Posted

I'm a first time homebuyer. I want to do something that I'm not sure has been discussed here. I found a multi unit 2 unit property that I'm interested in. I can afford the mortgage myself, its less that I currently pay for rent. I'm not sure I want to do a house hack situation. I just recently started getting interested in real estate investing, so I feel like I have quite a bit to learn. I would like to live in it for a few years, then buy and move to another property (possibly another multi- unit or a SFH), but keep this property then rent it out. Has anyone done similar or is this just a terrible idea? What are some things I should consider if this is my plan? The property is separately metered, so I think that's one thing I have to consider- paying double utilities unless there is a way to switch over to one bill.

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