Advice for Financing a Triplex

[Kristopher Robinson]

Hello,

I’ll make this short and sweet.

I have about 150k saved in bank, and currently house hack a 2 family. I rent out one side for 1550 live in other side,  mortgage 1225. Cash flow 325 monthly. I am refinancing out of chfa and into investment loan. 

I’m also in the process of purchasing a 3 family for 380,000 in a great area that will appreciate in value based on location. 

I’m torn between fha financing with 3.5% down, or 20% down conventional. Not a fan of pmi for the lifetime of the loan, but can get in for 13,300 down payment and cash flow 2-300 a month. If I go 20% Down route I eliminate pmi with a lower payment and can cash flow about 750 a month. 

Is it worth dumping 20% (76k) of my savings to cash flow more on the front end? Or bite the bullet on less cash flow to use my money in other places. 

I do have the option of a partner 10% down payment each and split cash flow 50% As well.

Any advice or ideas appreciated