Househack a multifamily

[Nicole Brown]

Hi,

I'm looking for a duplex, triplex or quad to buy in the Philly area: Mt Airy, Elkins Park, the Northeast. Something that I can buy at a good value and fix up. I'm buying as an owner-occupant and will live in one of the units. Any response appreciated. Thank you.

Nicole

[Joel Bonilla]

Haven’t looked too much in mt. Airy but the taxes in the Montgomery and bucks county areas kind of kill the deal if you’re only putting 3.5-5% down and tacking pmi on top of taxes, vacancy, cap ex, and repairs not to mention if you don’t self manage later. In the north east they are kind of looking for an arm and a leg on 2+2 duplexes where the $900 rents don’t work. Just keep an eye out or have an agent let you know of any new listing especially especially 3-4units bc that’s where I generally see the numbers make the most sense. It took me about 6 months of looking everyday and seeing a few properties to find a deal that made sense to house hack where I could live for free.