Landlord Question and Answer Forum
My agent is trying to sell me a Triplex; is this the right move or should I start with a couple low selling homes first? I would eventually like to own/operate a duplex/triplex but is it a good start over houses?
Shiloh C, NE on Monday, July 21, 2014
RE: Building Properties
Yes, I agree with the agent in buying multi-family buildings. You would have one mortgage but multiple incomes to payoff and would be making a profit. Be sure to get great tenants and that your priced right. As a beginner investor I started with a duplex and would not have done it differently. Where I lived in one unit, my tenants paid the majority of the mortgage and it gave me time to save for my next property. Then I got a second tenant and moved into my new home. It was a complete win win. 3 years later I still have my original tenants and they couldn't be happier.
Posted by
David C, PA
on
Monday, July 28, 2014
RE: Building Properties
Thanks David!
Posted by
Shiloh C, NE
on
Wednesday, July 30, 2014
Author:
ben h, PA
Updated:
04/25/2022
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Author:
adffe s,
Updated:
07/18/2022
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Harry D, MD
Updated:
04/03/2019
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Carmelo S, KY
Updated:
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Author:
dwayne_graves o, FL
Updated:
09/18/2019
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