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All Forum Posts by: Anthony Bauman

Anthony Bauman has started 1 posts and replied 1 times.

Post: Multifamily income vs. expenses

Anthony BaumanPosted
  • Montreal, Quebec
  • Posts 1
  • Votes 0

Hi!

I'm 19 and new to real estate. I was thinking about investing in a multifamily house in New Jersey or Chicago but I found myself with a few questions and I was wondering if anyone could help me :)

I was looking for a triplex or a fourplex, but I'm not quite sure about what my expenses will be. I know that I'll have property taxes, insurance, maintenance, utilities (energy, water). My first question is: in utilities, since I'm not living in this property, why would I have to pay for energy or water?

Another one would be: since I have the money and don't need a loan, mortgage it's not in my expenses, but will be more profitable to buy a triplex or fourplex now and enjoy not having to pay mortgage or use this money as a down payment to a bigger property with more units?