Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

8
Posts
0
Votes
Arman Tannu
0
Votes |
8
Posts

Financing Advice for Potential Triplex Deal

Arman Tannu
Posted

I am looking at a property here in FL that is listed as a single family for 470k but is functionally a triplex (3/2 house with a guest house in back that has 2 units, one is a 1/1 and the other is a studio, both units in guesthouse have kitchens). I was considering doing an FHA loan as I could live in it for a year. But I was wondering if it would be better to look into private lenders. I could pull about $4500 in monthly rent. I am also certain I can get this for less than $470k. Would love to connect with someone that could offer some guidance. Also, if you are a lender or know a lender I'd love to chat!

Most Popular Reply

User Stats

37
Posts
17
Votes
Jason Park
  • Lender
  • 5760 Northampton Blvd Ste 108 Virginia Beach, VA 23455
17
Votes |
37
Posts
Jason Park
  • Lender
  • 5760 Northampton Blvd Ste 108 Virginia Beach, VA 23455
Replied
Quote from @Arman Tannu:

I am looking at a property here in FL that is listed as a single family for 470k but is functionally a triplex (3/2 house with a guest house in back that has 2 units, one is a 1/1 and the other is a studio, both units in guesthouse have kitchens). I was considering doing an FHA loan as I could live in it for a year. But I was wondering if it would be better to look into private lenders. I could pull about $4500 in monthly rent. I am also certain I can get this for less than $470k. Would love to connect with someone that could offer some guidance. Also, if you are a lender or know a lender I'd love to chat! Cell: 9733091249

Hey Arman,
I think it all depends on what you're looking to do. If you are looking to house hack and go the traditional route, it would most likely give you the lowest down payment option. There are multiple options depending on your end goal, capital position, long term/short term strategy etc.. 
Hope this helps!

Loading replies...