How I Built a High-Cash-Flow Triplex That Pays Me to Live There

If you're looking to maximize cash flow and live for free (or even get paid to live in your own home), then building a triplex might be the smartest move you can make. I’ve done it, and in this post, I’ll walk you through exactly how I built a high-cash-flow triplex using a combination of house hacking, strategic design, and the BRRRR strategy.

Why a Triplex?

Most investors think of duplexes or fourplexes when getting into multi-family real estate, but a triplex is the sweet spot for a few reasons:

✅ You can still use an owner-occupied loan (FHA, VA, or conventional with 5% down).
✅ You get three rental incomes while living in one unit.
✅ Higher cash flow per square foot compared to single-family homes.
✅ Easier to finance than a fourplex (which often requires a commercial loan).

My Triplex Build Strategy

I didn’t just buy a pre-built triplex—I built it from scratch with the numbers in mind. Here’s how I made sure it was a cash-flow machine:

1. Maximized Rentability with Smart Unit Layouts

I designed the units for maximum rental income. Each one has:

• Separate entrances (reducing tenant conflicts).
• In-unit laundry (a must for long-term renters).
• Private outdoor space (small yards or balconies boost appeal).
• Open floor plans (so units feel more spacious).

I even added an Accessory Dwelling Unit (ADU) in the backyard—turning my triplex into a four-income property without changing zoning!

2. Used the BRRRR Strategy to Refinance & Pull Out Equity

I followed the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) but with a new construction twist:

• Bought an underutilized lot in a prime location.
• Built the triplex with equity in mind (focusing on high demand layouts).
• Refinanced at the higher post-construction value to pull out most of my cash.
• Rented out all the units and lived in one for free.

This strategy allowed me to recycle my capital and reinvest in my next project.

3. Built-In Cash Flow Protection

I made sure the numbers worked even in a worst-case scenario. My total mortgage, taxes, and insurance came out to $4,200/month, while my rental income was:

• Unit 1: $2,100
• Unit 2: $1,950
• ADU: $1,500
• My cost to live there? $0 (or even positive cash flow!)

Why This Strategy Works Now More Than Ever

With high interest rates and limited inventory, new investors are getting squeezed. But by building a triplex, I controlled my costs, created built-in appreciation, and locked in long-term wealth—all while living for free.

Want to Learn More?

If you're interested in building a triplex or using this strategy to scale your portfolio, check out my website: BuildATriplex.com. I break down step-by-step guides, case studies, and cost-saving hacks to help you get started.