Finally decided to jump in and post. I usually lurk a lot of forums but I really enjoy this forum.
I have a question regarding owner occupied commercial property. Would this be a great idea, or something I should avoid doing?
This is way into the future, but I was wondering, once I have enough money for a down payment for an apartment building, should I move out into a unit, and use the other units to break even, or possibly cashflow? Should I be leveraged as much as possible? I'm still living at home and I decided if I'm going to move out I'm only going to rent for a year, and then look into multifamilies. As a mortgage broker I know commercial property is more based on the property then your personal financials.
I appreciate all feedback. :banana::banana::banana:
I have a question regarding owner occupied commercial property. Would this be a great idea, or something I should avoid doing?
This is way into the future, but I was wondering, once I have enough money for a down payment for an apartment building, should I move out into a unit, and use the other units to break even, or possibly cashflow? Should I be leveraged as much as possible? I'm still living at home and I decided if I'm going to move out I'm only going to rent for a year, and then look into multifamilies. As a mortgage broker I know commercial property is more based on the property then your personal financials.
I appreciate all feedback. :banana::banana::banana:
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