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Updated over 1 year ago on . Most recent reply

Bought my first multi family - where to go from here?
Hi BP fam,
I’m closing on my first multi family soon and but am a first generation homebuyer and am doing this completely on my own at 26. I know the little I know but doing some research online, but know I probably have to do some real self-education from here.
it’s a 2 unit with a remodeled attic which I will be living in, and renting 1 unit while slowly remodeling the second one.
anyone else been in the same boat? Would really appreciate any advice.
Most Popular Reply

Definitely put in the work with that second unit. Then, in a year, move into another one while keeping possession of this current one. Cash-out refinance/HELOC the first for the down payment on the second. Rinse and repeat
On paper, this sounds really easy. I'd love to provide some insight and connect!