Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Triplex purchasing advice needed!
Hi guys I'm currently looking at a triplex. It's in Florida beachside in a nice safe and appreciating and rapidly growing town. Purchase price is $300,000 and yearly taxes are $4,200. The layout is 2x3/2 and a 2/1. Currently the 3/2 and 2/1 rents for $2,500 gross. Still leaving the last 3/2 unrented. I have a W2 job that pays decent but my question is what do I do? House hack? FHA loan it? 3 or 5% down? Or do the 20-25% down? Could easily force appreciation and bring the value of the property up. Thanks for any advice!!