Quote:
Originally Posted by seven
with a duplex it prolly won't but with triplex it will. A buddy of mine doing just that in Montreal.. he's living for free now which is a profit thou his major profits will come once the house is paid off.
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Your friend is lucky finding a triplex that he's able to live rent free off. But for most people, I triplex wont cover all the expenses with just two rents unless they put down a significant downpayment on it. Those type of properties just help the owner in paying part of the expenses. If you want to live "rent free", you'll need a six-units building or more. Then again, not too many landlords want to live in the same building as their tenants (excluding duplexes and triplexes)
