How to Live Rent Free and Make Money with a 4 Plex. If you are just starting out as either a college student or a young married couple just starting out this concept works wonders.
It resolves around acquiring a 4 Plex or 4 unit complex. This will allow you to live rent free and put money in your pocket every month. Let’s take this scenario
4 Plex – $150,000
Monthly payment: $800
Monthly Rents $2400
Monthly expenses $500 + ($800) = $1300
Monthly profit $1100
This concept revolves around acquiring FHA financing. This type of financing is favorable for owner occupied home owners.
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