First Time Investor Triplex
Hi guys. Im looking to buy a triplex funded by the FHA loan for first-ti e home buyers. I obviously want to generate enough income to pay for my mortgage and have some cash flow at the end of every month. I have a few questions for you experienced investors out there.
1. Is it better to buy a fixer upper and actively work on it as I'm living in it so I can increase the appreciation for when I sell and move onto the next, or is it more possible to allow appreciation to occur naturally and build up my property ownership over the course of years and sell out in the end. Which is riskier, etc; etc;
2. How difficult is it to find tenants almost immediately after making my purchase and moving in? Should I hire a real estate agent?
3. What is some other concepts I may not be considering? There's a lot I'm not putting on this post here but I have not yet invested yet and am open to what you experienced investors have to say to the rookies trying to start out
Thanks!!