5 Things to Know Before Buying a Duplex, Triplex, or Quadplex (Rookie Reply)

Real Estate Rookie

Thinking about buying a duplex, triplex, or even a quadplex? Small multifamily properties are often some of the BEST investments for cash flow, especially if you plan to live in one of the units! But how does this type of property differ from a single-family home? What do you need to know before buying? Listen in to find out!

Welcome back to another Rookie Reply! Today, we’re scouring the BiggerPockets Forums and answering more of your questions. After covering the ins and outs of small multifamily investing, we’ll get into financing your first property. What’s the best loan for first-time home buyers—FHA, conventional, or another option entirely? We’ll put them head-to-head and point you in the right direction! Finally, we’ll discuss several ways to use your home equity to grow your real estate portfolio. From 1031 exchanges to lines of credit, there are all kinds of options!

Looking to invest? Need answers? Ask your question here!

In This Episode We Cover:

What you NEED to know before buying a small multifamily property

The pros and cons of FHA and conventional home loans

Putting twenty percent down versus paying private mortgage insurance (PMI) with less money down

How to defer capital gains tax through a 1031 exchange

The BEST ways to leverage the home equity in your rental property

And So Much More!

Links from the Show

Ashley's BiggerPockets Profile

Tony's BiggerPokckets Profile

Join BiggerPockets for FREE

Real Estate Rookie Facebook Group

Real Estate Rookie YouTube

FreddieMac PMI Calculator

Ask Your Question for a Future Rookie Reply

Buy the Book “The Multifamily Millionaire, Volume 1”

Find Investor-Friendly Lenders

Real Estate Rookie 261 – How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-511

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