All Forum Posts by: Michael Walrath

Thanks everyone for reaching out! I should clarify and say that with me living in one unit the income from the other two units gets me to the 1% rule. If I were to move out and rent out all three units, I would be around 1.5% rule. The triplex has a 3 car garage so luckily parking for me isn't an issue.

I am already looking forward to my next deal once I save up enough money (if I can't find a way to invest with no or low money down before that).

Hello Everyone, Long time listener of the BiggerPockets podcast and first time poster. I’m just over 2/3 of the way through the podcasts. Just posting to say I closed on my first triplex on the east side in Milwaukee, WI. The triplex consists of three 3 bedroom 1 bath units. Two units are currently rented and almost meet the 1% rule (0.88% rule to be exact). The top unit needs to be redone but it’ll be a great learning experience for myself once I move in and house hack. Looking to become more involved in the community as I am now officially a real estate investor and landlord! Feel free to reach out and ask any questions or just say hi! Mike