All Forum Posts by: Quandra Adams

It looks like I pressed enter before I finish the post. I'd like to know how running the numbers went for you and what tools you use to. Of course I will be using all the tools at my disposal via BiggerPockets but I'm always thinking that there's something else that maybe I should know.

OMG! This is right on time. I'm in my 30's and actually in my way to my mortgage ppl to finish up the things I need to get through underwriting. I'm gungho on house hacking for the same reason you mention although I know it'll be outside of my comfort zone but glad you have me some solace in my decision to go for it n I'm terrified about many things but honestly it's not the sharing of walls. It's if I'll get my numbers right? Will I forget to calculate something very important? Id love to get your feedback on 

This is one aspect I don't know much about so I didn't know to consider it. I plan to purchase/finance my first triplex within the next 3 months. How will inflation affect me? Will it within 3 months? How can I prepare or adjust if it will?

I've kind of made my mind up that I would like my first property to be an owner-occupied duplex or triplex  but I figured I need to be a bit more open-minded in case there are other options available. Multi family investments are appealing to me because I like the idea of being able to potentially offset my part of the mortgage. But what other options are there for real estate investing that don't require a large chunk of money?

I will be purchasing a multifamily unit (ideally a triplex) and I plan to live in part of it. I have been looking at units in the price range I have been pre-approved for and they all seem to need a few updates to where I'd feel comfortable living there. If I find a tri-plex priced under my approved financing price, can the difference be used for renovations? What type(s) of loans do I need to seek out to be able to update the tri-plex. What other options do I have for updating? Just to be clear I am talking about cabinets and maybe flooring.