Triplex or Quadplex

[Max McQueen]

Hello BiggerPockets Community!

I'm on the hunt for my first property to househack in the Kansas City metro area. I'm particularly interested in acquiring a quadplex or triplex. I already have access to the MLS as I'm a licensed agent in both KS and MO, which is helpful.

However, I'm eager to explore additional strategies and resources for finding such properties. Any advice or recommendations would be greatly appreciated!

[Max McQueen]

Quote from @Scott Mac:

Quote from @Max McQueen:

Hello BiggerPockets Community!

I'm on the hunt for my first property to househack in the Kansas City metro area. I'm particularly interested in acquiring a quadplex or triplex. I already have access to the MLS as I'm a licensed agent in both KS and MO, which is helpful.

However, I'm eager to explore additional strategies and resources for finding such properties. Any advice or recommendations would be greatly appreciated!

 Get your lender to give an opinion on the amount of money they will lend you for each.

Also look into the amount of cash reserves and other cash requirements to get the loan.

Consider how much money you have in cash available to make this happen- including repairs needed and some operating capital.

That will tell you if you qualify for a 3 or a 4 and should allow you to target in on properties a lot easier.

Think of your lender as your partner in the deal, a dictatorial partner unless you're able to buy for all cash yourself out of pocket.

Have you looked into Fannie Mae loans?

Good Luck!

I haven't looked into Freddie Mae yet, but this is a great trajectory for me to start on things. Thanks Scott!