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Updated over 4 years ago on . Most recent reply

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Janeea Wright
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6
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Purchasing Small multi-family with tenant

Janeea Wright
Posted

I am currently getting started in real estate. My husband and I would like to house-hack our first property. There are limited small multi-family properties in my area and some of them have 1 unit leased until next year. My analysis of the deal showed good cash flow(if I'm not missing anything). I've also come across some properties that we could invest in without house-hacking but both units are leased. Is it recommended to entertain a property that already has a tenant or should I stay far away? What are some pros and cons of purchasing a property that already has a tenant? 

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