Found 1 blog entry tagged as multi-family.

The allure of buying a multi-family home on Staten Island so you can live in one unit and then rent out the rest so you have enough money to pay your mortgage payment can be difficult to resist. Many people just look at the current monthly rental rates for Staten Island apartments and townhomes, which range from $1,200 to $14,750, and think, "Wow, at those rates, I can pay my mortgage and make a profit." If, you do your homework and manage the property well, you might be able to own an income generating property. Another advantage of buying a multi-family home on Staten Island is that when you are ready to move to a larger home, you can just rent your unit and keep the multi-family home as an investment property. 

Do Your Homework before Buying a…

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