I have a multi family that has a separate 1 acre lot attached to it by mortgage.

I’m sure a lot of you know the market is booming here and it has been difficult to decide which route I should take that would make financial sense and put me in a good spot to build my portfolio moving forward.Here are the current options I’m considering: • Option 1 House Hack: Purchase a multi-family, live in one and rent out the others.

Your tenants will either pay market rates or move in with family. 

Account ClosedI will talk about the market I work in because my family and I invested here long before I became an agent, and I am still extremely bullish on the area. 

What's with all these "Multi-Family" properties on the MLS, but then you click on it and it's just one side for sale.

I think you would want your family to have access to money as well since there are payments due and a lot of money might be tied up in probate (this could create an issue) - life insurance and/or a shared business account could allow for payments to be made until the regular accounts are easily accessible 

My family have a few rentals!

we are going to use family fund.

Consider diversifying your portfolio by exploring various types of properties, such as single-family homes, multi-unit buildings, commercial properties, or vacation rentals.

Hello BP family!