What to Keep in Mind When Buying a Duplex, Triplex, or Quadplex
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- čas přidán 22. 08. 2024
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A lot of investors come to investing thinking they 100% want to invest in a duplex, triplex, or quadplex, eschewing single family homes. Their reasoning is sound, but they have skimmed over some things that they need to keep in mind when investing in these assets.
Adam Schroeder goes over some things you need to keep front and center when evaluating these deals. Not to scare you away from investing in them, but to make sure you’re going in with your eyes wide open.
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Video starts at 1:38
Hero
Legend
False u can buy up to 4 with 3.5% down if u live in
Truth! I’m doing this right now
I did this a year ago
I did it too
@@AndersonRamirez-pq2zjhow have things been going? Are you happy with your decision? Has it made you good money? I’m looking into buying one too.
Good content! One thing you don't mention is, the power you have to rise rent with multifamily (up to 4). If rents go up it's harder to rise if the tenant is the same. Sure, you can wait to the 12 month to end and rise for a single family but if the tenants move, you have to find another one and in that case averaging 7 years loyalty isn't helpful. And yeah, you rise rent on a rolling fashion to all 2 - 4 units, which increases your cashflow overall
Obviously you want to use VA or FHA loans for 4 units or below in an optimal situation.
This video lacked so much information about multi family homes I couldn’t even finish watching and took over 2 minutes to get into the actual video after begging for likes, comments and “hitting that bell” like every channel
B+ neightborhood for 160k? You are NOT in a major suburban metro. Not even 2 years ago.
Fha allows multi family
This video assumes you're buying an investment home, not a primary you rent out the additional units, which FHA requires.
In my market Dallas I would say they appreciate faster because they are in HIGH demand.
you cant buy a house for 150k, no way. pls tell me where that is happening
Here in Dallas nobody wants to sell you there multi family
I have seen duplexes in good area s but not to often like in Texas very nice clase A area but like u said not to often and there not cheap tks for the info
purchased a triplex for 400k. hoping it turns out to be a good investment
It will be ! Trust the process
Where? I can't find prices like that
What city and state?
Looking to get a fourplex built for 130k
@@JDB-ru4lp I bought a triplex in atlanta for 320K
Cash flow has to be better with multi family, but some single family rentals cash flow too!
Good content, I am new and hadn't considered these tips...thanks!!!
Glad to hear you were able to take something positive away from this video!
You can put down 3.5% on a quadplex with a FHA loan. PS im a MLO
what does the term "house hacking" mean?
Living under the same roof as the renters. The renters are paying you to stay there
Great video
Thank you for the positive feedback! We are glad you found this educational.
Good
That’s not true I have a VA loan
Really ?
A VA loan requires you to use it as a primary and you can choose to rent out the other rooms. This is assuming you're buying a straight up investment property you don't plan to live in