multi family.

5 Replies

I am a newbie intersted in multiple. Often listen and read people's story on bigger pockets.most of Ur story are great successful story. How ever in short version of my story not that great of story yet. I have been looking for a while. final I found triplex and mad a full offer it would been owner occupied, 3.5% down and seller cover closing cost and 3 days before closing,the deal failed because of the 25% vacancy rate..even though my finance was was not the case and I am not intested going in with partener with on my first one buying,However

Ill be happy if any can share with me on triplexe or fourplexe similar Buying process. Thank you.

Originally posted by @Giday Adhanom :

I am a newbie intersted in multiple. Often listen and read people's story on bigger pockets.most of Ur story are great successful story. How ever in short version of my story not that great of story yet. I have been looking for a while. final I found triplex and mad a full offer it would been owner occupied, 3.5% down and seller cover closing cost and 3 days before closing,the deal failed because of the 25% vacancy rate..even though my finance was was not the case and I am not intested going in with partener with on my first one buying,However

Ill be happy if any can share with me on triplexe or fourplexe similar Buying process. Thank you.

 Hello and welcome!  House-hacking is a good way to get started, especially if you don't have any money.  I think that the more units you can get under one roof is the best if they don't need too much work.  With a duplex, tri plex or a four plex you can get the renter(s) to make (or cover) your debt service payment.  I am 59 years old and I found BP about 4 months ago and I am still learning.  I graduated from college and got a broker license in 1980.  Regardless of getting a business degree I felt more comfortable with construction back then.  I got into construction when I was 17 years old.  If you think I can be any help to you please contact me at any time.  Good luck!

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