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Updated about 10 years ago on . Most recent reply

Luis Capriles's profile image
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Luis Capriles
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  • from Lynn, Massachusetts
  • Member since Feb 13, 2015
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Luis Capriles's profile image
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Luis Capriles
  • Investor
  • from Lynn, Massachusetts
  • Member since Feb 13, 2015
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Luis Capriles
  • Investor
  • Lynn, MA
19
Votes |
66
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Multi-Family and Apartment Investing

advice need it

Luis Capriles
  • Investor
  • Lynn, MA
Posted

hi all,
My name is Luis im 25 i have been saving for 4 years now and i have $25000 so far.  

I was thinking n investing n a 3 unit house, live n one a rent the others two.
Any advice or guidance is appreciated.
Thank you,

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Joel Owens
  • Real Estate Broker
  • Canton, GA
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Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

Why not 4?? Rent out 3 and live in one.

Better breakeven occupancy paying the mortgage. For 3 if one is vacant you are at 66% occupied versus 75% for a 4 plex.

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