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Updated about 1 year ago,
1st triplex; owner ocuupied
I'm looking at a multifamily Triplex to buy & owner occupy 1 of the units ( so 2 rentals). 50% down mortgage $1700 ( includes taxes & Insurance). Turn- key updated/ low maintenance units. Income for 2 units is $1100 each ( so $2200 income). Not yet sure the rest of expenses but between the $500 net income per month it should be a break even. So basically my living quarters would be free for me. Is this a good deal? Or should I try to find something with more cash flow?