Sunday, May 10, 2015

Advice on Buying First Home?


Basically, I am looking for either a 2 family, or a relatively small single family.

I was thinking the 2 Family would be good because tenants income would help pay the mortgage.

On the other hand, a Single Family mortgage wouldn't be too expensive, less than what I pay for rent now.

I was a bit scared of getting the 2 family because I have heard about problem tenants not paying rent, destroying the place, and becoming a burden to get out of the house.

I was thinking it would be easier to maintain a single for a few years, then when I feel more comfortable, I could get a 2 family.

Basically what I am asking is: would it be smarter to manage a single family for a few years, then look into a multi? I feel a Multi may be too much for me to handle at once.

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