Duplexes, Triplexes, Quaplexes; Good investment??

[Cody Qurollo]

What have y’all found out about investing in a duplex, triplex, or quadplex? I am looking at starting my first investment in the Layton, Utah area, and am wondering if anyone has and pros/cons or recommendations about investing in one of the above mentioned properties. I am looking to live in one side and rent out the others while doing maintenance to the one I live in, and then as renters move out switching to other units to remodel them. Thanks in advance Cody Qurollo

[William Hochstedler]

Owner occupying a 2-4 unit is a great way to build a portfolio.  It allows you to get great financing and be hands on rehabbing and managing until you can do it again.

Fourplexes have the advantage of more leverage and smaller impacts on cash flow during vacancies.

Start with talking to a lender. If you're going FHA, there may be maximum loan caps in your market that will rule out certain properties.

Good luck!