All Forum Posts by: Guillermo Lara gonzalez

When running the numbers on a potential property, how should I calculate the numbers if I intend to live in the property as well. Example: looking into a multi family property that has 4 units. I plan to live in one, since I would be getting an owner occupied loan. But I’m having trouble running the numbers. Do I discount the unit I would be living in or do I count it as if someone is renting it?

Sorry if this is a newbie question but I’m looking into buying my first property soon and I was looking at some multi family properties and a thought hit me. When the property is fully rented and I buy it and a tenant is evicted who pays for their deposit they originally made? Would I, the new owner of the property have to be responsible for that or does the previous owner have to leave that with me once the property is sold? Thanks