buying a multifamily home to live in

Buying a Multi Family Home to Live In – 58 Quick Questions to Ask Yourself

This post may contain affiliate links. If you purchase a product through one of them, we will receive a commission at no additional cost to you. As Amazon Associates, we earn from qualifying purchases.

Are you interested in buying a multifamily home to live in? Great! Here is a list of 58 quick questions to ask yourself before you start.

This list also doubles a great game to play with your business partner or spouse who might be in on the deal with you.

Happy questioning!


When buying a multifamily home to live in, there are some basic questions to consider:

  • Do I want to invest in a house?
  • Do I want to be a landlord?
  • Does my spouse want to invest?
  • Does my spouse want to be a landlord?
  • Do I really want to house hack?
  • Will I tell my tenants I am the owner?


Time to dream and scheme about the house itself!

  • How many bedrooms for me?
  • How many bedrooms for my tenant?
  • Number of bathrooms for each of us?
  • Do I want a fixer upper or turn key?
  • What do I need for my kids/pets/family?

buying a two family home
…do Saturdays with your sweetheart covered in fixer upper dust sound nice?


The three most important considerations in real estate: location, location, and location.

  • Where, exactly?
  • City, suburbia, countryside?
  • How far from my or my spouse’s day job(s)?
  • Will I live near extended family?  
  • What do I want nearby, like gyms, schools, clubs, etc?


If I’m buying a multifamily home to live in, will I rent out the…

  • Driveway?
  • Backyard?
  • Parking spot?
  • Garage?
  • Storage space?
  • Pool?
  • Washer/dryer unit?
  • Washer/dryer hook ups only?


How will I deal with a possible…

  • Late payment?
  • Small maintenance issue?
  • Clogged toilet?
  • Clogged shower?
  • Tenant dispute?
  • Boiler issue?
  • HVAC issue?


Who is my…

  • Realtor?
  • Plumber?
  • Electrician?
  • Carpenter?
  • Mason?
  • Roofer?
  • General contractor?
  • Mortgage broker?
  • Lawyer?

Ready to buy a house?

We’ll send you a must-have contacts list for your first real estate purchase.

Keep track of everyone from your mortgage broker to your plumber, in this easy spreadsheet!

    We respect your privacy. Unsubscribe at any time.


    How Much Will I Pay For The…

    • Down payment?
    • Commissions?
    • Closing costs?
    • Insurance?
    • Property taxes?
    • Monthly mortgage?
    • Utilities…
    • Electric? 
    • Gas?
    • Water supply?
    • Water usage?
    • Trash pickup, if applicable?
    • PMI?

    How Much Will I Charge for The…

    • Rent?
    • Amenities?
    • Late payments?
    • Laundry?
    • Utilities, if not included?

    This is just the beginning of discussion questions before buying a multifamily home to live in!

    We hope this list has given you a springboard from which to begin your conversation about buying a multifamily home.

    What questions have you asked before purchasing an investment property?

    buying a two family home

    Similar Posts