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Updated about 12 hours ago on . Most recent reply

User Stats

25
Posts
4
Votes
Adam Goyette
  • Ottawa, Ontario
4
Votes |
25
Posts

Stay in rental unit or move out and buy a home

Adam Goyette
  • Ottawa, Ontario
Posted

Hey all,

so i currently own a duplex and a 4plex. I currently live in 1 apartment in the 4plex. Rents from other 3 units cover the mortgage and utilities. So i am close to living for free!

my question is, is it more worthwhile to get another tenant in MY unit and i go out and buy a house/ condo for myself which i would have to pay mortgage on but would be subsidized by new cashflow from 4plex. Or do i stay where im at? I am looking to expand my portfolio but i do not want to move every year!

any help/ input would be wonderful

thanks

  • Adam Goyette
  • Loading replies...