Many Mass. first time home buyers consider purchasing a multi-family property to help defray the cost of home ownership. By living in one unit and renting the remaining unit(s), the rental income received can be used to help pay the mortgage and lower your monthly housing expense. However, buying a multi-family property is not as simple as cashing the rent check every month. There are several additional issues to keep in mind if you decide to buy a multi-family property rather than a single family property or condo. Read more…
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