Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

3
Posts
0
Votes
John Hemphill
  • Cape May Court House, NJ
0
Votes |
3
Posts

College student investor. Found a triplex!

John Hemphill
  • Cape May Court House, NJ
Posted
Hey everyone hows it going? I'm a college student and new to investing (this is my 3rd day of using biggerpockets). On zillow I found a triplex for 120k in New Brunswick NJ near my school. I want to house off-campus and I was wondering it if would be possible for me to buy this place using FHA and then renting out the other two rooms. Zillow says the morgage would be 650. I have two more years left of school and accordng to FHA 'd only have to live there a year (right?) after a year I could rent out my room and find another place to house at for my last year in college. I would have to figure out other expenses and the site says that the tax amount is 5086. Whats that mean? Is that for a year? I don't know much about real estate but using 3.5 FHA for a multifamily triplex seems like a smart idea. Any advice would help because like I said i'm a noobie :) thanks!

Loading replies...