Eyeing a potential property that would cash flow around 1000-1500 a month, only problem is the monthly mortgage would be a little hefty. 4200-4300 per month. 3 unit, fully rented would bring in 5600-6000, and 2 units rented can bring in 3900. I get stock and a bonus, but my monthly net is 7k per month.. am I buying too much house (plan to keep my apt too)?

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Other note for consideration: I have a side business bringing in another 6500 a month net that I can have last at LEAST a year, if not longer

What is this side business. Maybe put your energy there?

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Thats a lot of leverage. How much is the house and how much reno does it need? Might make sense to do a JV with a friend or something

I know I’m pushing it, around 610K when my initial budget was 450-550k.

But this house is a rare cash cow from a cashflow standpoint with these prices and interest rates

(Not much Reno needed at least from my view, 2 units already rented with no issues)

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