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Updated about 5 years ago on . Most recent reply

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5
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1
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Carlos R. R. Martinez
  • Orlando, FL / Saint Cloud
1
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5
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Triplex lot. New Build

Carlos R. R. Martinez
  • Orlando, FL / Saint Cloud
Posted

Hey guys, i've recently found a triplex lot for sale in the Saint Cloud, Kissimmee, FL area. I'm thinking this can be a great opportunity for me to house hack, and put my current primary residence (4bdrm/2baths, i can rent for $1,950 based on rentometer) up for rent and start adding to my portfolio.

I'm looking for advice and input to see if a new Triplex/Duplex build would be a recommended strategy. I have about 45K in cash which i want to put to work besides doing private lending which i've done. Does anyone in here have exprience or knowledge in new multi family builds? I appreciate any feedback guys, thanks!

Most Popular Reply

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1,739
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399
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Anthoney Hanks
  • Real Estate Broker
  • Forney, TX
399
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1,739
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Anthoney Hanks
  • Real Estate Broker
  • Forney, TX
Replied

Welcome to BiggerPockets!! I hope the most success going forward in your quest(s) in 2020!! Sounds like a good problem to have. I suggest talking with a lender (@Grant Greene) on best financing options. Good luck with your strategy. 

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