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Updated about 5 years ago on . Most recent reply

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First quadplex/ Living cost free

Posted

Happy hump day ! 

I hope yalls week has been productive and profitable. 

I’m seeking ANYBODYS two cents on this: 

I'm getting married next October and rather than building or finding a sub 2 home, I was thinking about building a quadplex, renting three, and living in one. I want to live for free. Essentially. I was thinking about an FHA loan. Any suggestions or disagreements are welcome. I'm 25 and would like to eliminated the overhead of working for a mortgage payment.

We’re both financial minimalists and would like to keep it that way so our income can be directed towards growth and our future. 
Best regards! Josué de la Torre 

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Replied

Thank you! 

I am located in Mcallen, Texas. Perhaps finding an off-market property that I can rehab would be best? My plan there would then be to refinance after it's done using an FHA loan.

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