December 26, 2016

Become a live-in landlord and let your tenants pay your mortgage

Eager to purchase a home to live in but worry about affording the financing? Wouldn’t it be great if a mortgage could somehow pay for itself? There’s a tried-and-true method for accomplishing the latter goal, which equates to having your real estate cake and eating it, too. It involves purchasing a two- to four-unit multi-family rental property, occupying one of the units as your primary residence and serving as the landlord, and collecting enough rent monies from the other attached units to cover most or all of your monthly mortgage payment—and possibly even your other real estate-related costs well.

Learn more about this strategy by reading my latest article for The Mortgage Reports here.