All Forum Posts by: Sam Dal

Folks
Does the 50% apply to an owner-occupied 2-family house as well? Or would it be a different number? Also, is the 50% after calculating tax deductions you can take for the rental unit maintenance, renovations, etc or would it lead to a lower number?

Thanks

Also, this is a semi-detached property

Thanks

Guys

I apologize for piggybacking on this thread but not allowed to create new posts as a non-paying user. I'm a first time home-buyer and looking to buy an owner-occupied 2 family home in Bayside, Queens. Does anybody know this area and if 2 family homes are in demand?

All my calculations point to a decent cash flow but what I'm most afraid of is the appreciation levels of 2 families vs sfr over here. If I make a profit of 15k every year for 5 years but the property appreciates only at 20% over this time period vs 33% for SFR, I would be at the losing end of the stick when selling the house in spite of a net gain of 75k. Of course, if property levels stay where they are or fall, I would be in a good situation

Thanks