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Updated 2 months ago on . Most recent reply

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Will Almand
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Multi Family Investing Cons

Will Almand
Posted

Thinking about investing in a quadraplex in North Carolina for LTR in a good market that bigger pockets are high on. I have a few concerns that I wanted to get people's thoughts on. 

1 - Selling a quadraplex 10-20 years down the road seems like it may be challenging as the market for that type of asset is small. Thoughts? 

- I guess I could sell the individual units. Is that customary? 

- Could have it for sale while its occupied, as its likely an investor buying it, and that would just be a condition of purchase. That way I didn't have to sit on it for a few months while it sold. 

Curious on others thoughts and considerations

  • Will Almand
  • Most Popular Reply

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    Tim Delaney
    • Buffalo, NY
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    Tim Delaney
    • Buffalo, NY
    Replied

    Why do you think the demand is low?

    Personally I love quadplexes. I have a bunch. They can be sold to owner occupants that get a conventional, fha or Va loan. Or they can be sold to investors.

    I think they are particularly attractive for new investors to buy as a house hack - you live in one and rent out 3, most, if not all, your expenses will be covered.

    Look at what it last sold for, has it appreciated? Without knowing the specifics of the neighborhood or property I would expect it to appreciate the same as other 1-4 units in the area over the next decade.

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