Featured Investment
My First Investment - For young first time homebuyers looking to get a step ahead financially, consider purchasing a two-family property as an “Owner-Occupant”, living in one unit and leasing the second unit to a tenant.
Key Benefits:
1) Apply rental income from second unit towards mortgage payment
2) Acquire an investment property with a down payment as low as 3.5% versus 20%+ conventionally
Down Payment: $16,170
Purchase Price: $462,000 (2017)
Appraised Value: $844,000 (2024)
Unit 1:
-3b/1ba
-Rent: $3,000/mo
Unit 2:
-2b/1ba
-Rent: $1,750/mo
-Total Missed Rental Payments: 0