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All Forum Posts by: Seth Williams

Seth Williams has started 5 posts and replied 251 times.

Post: REI Beginner - Starting out in a Triplex?

Seth WilliamsPosted
  • Real Estate Broker
  • Winthrop, MA
  • Posts 260
  • Votes 199

@Sean Hannon ill give you a few takes - What someone said above is right - If your paying less in rent, your golden, building equity, you have a ton of write offs with owning the home like depreciation and the interest....and at the end of the day, if you would look at that apartment and be excited to pay 350 a mo to live in it, and when you move out your making 9-10% cap, its golden. I own several three families in the Boston area and this is how I got my first in. Next, I disagree with above - id put as little money down as possible to save more reserves, and then be able to in 6-12 months after owner occupying the property buy another.