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Updated over 7 years ago on . Most recent reply
Build a Triplex or Quadplex?
Hey all,
I am currently renting, and would like to buy a house of my own. I was thinking that I could build either a triplex or quadplex and rent the other 2-3 units out as a starting investment.
Couple of questions, would you recommend a triplex or quadplex for this approach? Had anyone done this for their first home? Securing a loan will also be a challenge probably for something that large.
What would be most economical in your opinion? I would go for something as economical as possible, maybe split level, including things like a garage, fenced in back yards, and 3 bedroom 2 bath units.
Any floor plan/style of home recommendations would be much appreciated to try to keep construction costs down. Trying to cater to millennials who don't want to buy.
Any input? Thanks for reading!