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Updated about 6 years ago,
Quadplex Investing Questions (Clarksville, TN)
I’m new to real estate investing with little experience, I just jumped in before I could talk my self out of it and currently have 1 single family in Biloxi, MS renting for $1350.
My strategy moving forward is to invest in multi-family properties in the Biloxi, MS and Clarksville, TN area.
I’m currently pre approved for $240k through the VA Loan. My question is how do I evaluate a multi unit to make sure I’m making a good investment? Also, I’m specifically looking for a four unit quadplex because to qualify for the VA Loan one of the units must me my primary residence, is there any difference when evaluating quads vs tri’s and duplexes? Lastly, since the VA Loan is 0% downpayment and I’m not paying anything out of pocket how would I calculate the ROI?