ilmscore | Prediction Details
"Well, according to the definition of a primary residence, when you go to get a mortgage, you're getting a primary residence mortgage. That primary residence can be a townhouse, a single family house, a condo. It can be a duplex, a triplex, or a 4-unit property, which means you could go out and buy this $1 million 4-unit property for you to live in yourself. Now, maybe you can't afford the costs on a $1 million property, but for this example, let's just assume that you're able to find a way to purchase this property. Maybe you can get a low down payment mortgage. Maybe you have the money for a bigger down payment. Let's just say you have the money for a $200,000 down payment here. You're still concerned about how you're going to keep up with the cost, but you had the $200,000 saved up. So now you go out and finance this property with an $800,000 loan. Sure, you could use a smaller down payment, but let's just stick with this example here. Now you purchase this property. There's four units. You are going to live right here for yourself. And now what you do is you're going to rent out the other three units to your neighbors who are going to be your tenants. and they're all going to pay you $2,500 a month. So, this unit is paying you $2,500 a month. This unit is paying you $2,500 a month. And this unit is paying you $2,500 a month, which means now you're making $7,500 a month in rental income, and you're living in this unit right here."
By Minority Mindset | November 7, 2025 | Pending
From video
The Passive Income Lie Keeping You Broke - And Angry 00:29:24 - 00:30:35
Interpreted Prediction
A 4-unit property can be purchased as a primary residence with a mortgage. Living in one unit and renting out the other three can generate $7,500 per month in rental income.

Prediction Details

Topic
Real Estate Hacking (Multi-Unit Property)

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.