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Four unit Property:
1 - Single family 2bed1bath with large basement + large 2 car garage
3 - 1 bed 1bath units
Hi everyone! This is a very unique 4 unit property. It consists of a 2 bedroom single family home with a huge detached garage along with 3 units which are all 1bed 1bath. I know my numbers are not perfect and might be missing a few. But overall you get the picture. I am thinking about buying this property and living in the house. I know some of you might ask why I am putting 20% down and not doing an FHA loan 3-5% down. I don't qualify for the loan and I am having my business buy the property. I placed $750 a month rent for the house which is what it will rent for once I move out. While I live there, I will rent from my LLC for probably $500 a month. This is a long term hold and I only plan to house hack it for a year or so.
What are you thoughts? I know it's not a steal of a deal, but it's actually a property I enjoy living in. Multi family is very hard to find in my area that isn't in the ghetto. What are your thoughts?!