Ask Marco - Is It a Good Idea to Buy a Multi-Unit, Live in One Unit and Rent the Others? | PREI 276
Passive Real Estate Investing
Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.
4.6 • 968 Ratings
🗓️ 12 August 2020
⏱️ 9 minutes
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| 0:00.0 | Welcome to passive real estate investing, the show where busy people like you learn |
| 0:05.2 | how to build substantial passive income while creating wealth for the long term. |
| 0:09.2 | And now here's your host, Marco Santorelli. |
| 0:12.3 | Hello my friends and welcome to another. Now here's your host, Marco Santorelli. |
| 0:13.4 | Hello, my friends, and welcome to another episode of Ask Marco, |
| 0:16.6 | where I answer your investing related questions. |
| 0:19.3 | Today's question comes from Martin. |
| 0:21.5 | But before I get to his question, just as a reminder, this is going to be a quick five minute episode. |
| 0:26.0 | And if you like these short Ask Marko episodes, remember to subscribe to the show. |
| 0:31.0 | That way I can keep getting these out to you and keep |
| 0:33.8 | recording them and you will be notified when they come out and you'll just see it |
| 0:37.4 | in your stream. All right Martin asks is it a good idea to buy a multi unit |
| 0:41.9 | live in one unit, and rent the others. So he says, hi Marco, I've |
| 0:47.2 | listened to you for about four of your episodes and I really appreciate how informative |
| 0:52.2 | and quick your episodes are. |
| 0:54.0 | My question to you is, me and my wife are getting rid of some loans that we've carried ever since we got married and we are about three to four months out to pay them off. |
| 1:03.0 | We are planning to move from Central California to Central Oregon, |
| 1:07.0 | currently renting and planning to get our first property as we move to Central Oregon. |
| 1:12.0 | Is it a good idea to acquire a duplex or |
| 1:14.7 | triplex through an FHA loan as a primary residence due to the low interest |
| 1:20.4 | rate, live in one of the units, and rent the others. |
| 1:24.7 | Then, after a year, turned it into a rental property, move out and acquire another residential |
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