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Updated about 10 years ago,

User Stats

80
Posts
19
Votes
Neil P.
  • Edison, NJ
19
Votes |
80
Posts

Multifamily houses

Neil P.
  • Edison, NJ
Posted

I purchased my first multi family.  I bought the place for 330K, i am getting rent roll about 3900 a month, and my mortgage is about 2500 includes tax insurance call.

So this is property is cash flow positive, i currently work in the IT field so i do have a job.  Now my main concern is that should i hold this property or should i sell it and take the profits and buy another house.  

I also just purchased this property if i kept this, can i still buy another house i do have the cash to come up with to buy another multi-unit, what would be your advice.  I am 25 years old by 30 i want to be able to have at least 10 properties and hopefully quit my day job.

Advice please !!

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