All Forum Posts by: Quota Thornton

Yes this is absolutely possible and very common. There a ton of people out there and on the forums who own dozens or even hundreds of rental units.

If you are self managing it will obviously be more time intensive to have that triplex in addition to your duplex, but still very possible for 1 person to take on.

Michael's feedback above is incorrect. If you want to buy a cash flowing triplex in addition to your duplex, and you have the required down payment and credit, lenders are not going to have a problem lending simultaneously.

@Quota Thornton it's possible, but will be difficult. Borrowers can carry two mortgages at once but keep in mind when you acquire the first property your DTI ratio is going to increase, therefore, making it strenuous to carry an additional loan. Unless your income is substantial, lenders are not going to feel comfortable lending simultaneously. Your best play, in my opinion, is to first target the house hack property and utilize either an owner-occupied FHA-insured loan or conventional with a low down payment. Hope this helps!