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Updated over 1 year ago, 09/07/2023

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11
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12
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Sushree Mohanty
12
Votes |
11
Posts

Multifamily home investment

Sushree Mohanty
Posted

Hi everyone - My husband and I are planning to buy our first property as a multi family home and put it on rent. I have looked up Tenessee, Vegas and Arizona. Arizona and Tenessee look good. 
Our budget is around 800-900k. We plan to have it rented and break even or even put <1k monthly. 
Is this a good move in current situations? 
we have decent savings of around 500k and are currently living in a small city of Central California (not buying property to live because my husband’s job is not permanent and we don’t know where we will move next). 

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