Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

29
Posts
5
Votes
Nathaniel Irizarry
  • Lender
5
Votes |
29
Posts

Thinking of buying a triplex in PA as a rental unit and then buying primary residence

Nathaniel Irizarry
  • Lender
Posted

I'm just starting out and have never owned a home. I found a triplex in Pittsburgh, PA that could give me some cashflow, the price is $139k. I want to move to Kissimmee /Orlando area soon in 2024. I was thinking if I get this triplex and then purchase a manufactured home in Kissimmee for $70k, the cash flow from the PA triplex could allow me to pay the mortgage and fees on the manufactured home just so I can get situated in Florida. I am thinking that once in Florida I will spend this year wholesaling and developing that side of the business for additional funds to save for my next investment project. Would I even be able to get two mortgage loans in such a short period of time? I'm just really trying to think of ways to move to Florida ASAP and multifamily homes are expensive there at the moment. I'm moving there to be close to my son and daughter and grandchild. I have a remote working job so I can go virtually anywhere with a good W-2 income.

Thanks!

Most Popular Reply

User Stats

811
Posts
250
Votes
Gary Swank
  • Real Estate Agent
  • Pittsburgh, PA
250
Votes |
811
Posts
Gary Swank
  • Real Estate Agent
  • Pittsburgh, PA
Replied

I would be real curious to see what neighborhood that triplex is in. As far as the mortgage goes, only a lender can answer that. I do agree that it's best to go with an industry professional when viewing the property. They can point out things to help you make the best decision for yourself.  I've lived here my whole life and am in and out of properties every single day.  Feel free to reach out.   

Loading replies...