Owner Occupied Multi Family Real Estate | FortuneBuilders

Abstract

What Does Owner Occupied Mean? As the name leads many to believe, owner occupied suggests a property owner also lives in the same property as their primary residence. Property management is easy! Easier financing, property management convenience, and free-living are just three reasons why owner occupied multi family real estate investing is a strategy that has the potential to benefit you and your business. For beginner investors, it can be a great way to ease into a first investment property, where one gets to learn how to manage a rental property on the job. If you've found the right property and you are amidst a thriving rental market, the rent money from the other unit has to potential to cover the entire mortgage payment, thus allowing you to live payment-free until the property is finally paid off. Owner Occupied Multi Family Financing One- to four-unit owner occupied properties can be much easier and more attractive to finance than even single-family homes, which are purely to be used as investment properties. If you plan to occupy a unit in your multi family property, lenders will typically require a lower down payment compared to those purchasing multi family property as an investment. You can start by investing in a multi family property, living in it yourself, and then moving on to your next investment property.