Starting Out
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

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

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.