The two units that you rent out would be reported as rental property and the one unit that you live in would be reported/treated as your primary residence.In the future, when you sell the triplex, the two units that you rent out could be structured as a 1031 Exchange transaction and the one unit that you live in as your primary residence would fall under Section 121 of the Internal Revenue Code ($250,000 tax-free).

Hi my name is jeremySo recently ive stumbled across bigger pockets and am trying to learn how to get started in the real estate investing world Its always been a passion and dream to do this even as a kid but i didnt think it was possible without large amounts of capital i see now that there are other ways tho i am not fully aware and understanding themSo let me start with an introduction hi im jeremy, im a plumbers apprentice and actively saving , currently i live at home after moving back when the whole rent and live with roommates thing didnt work and i felt like i was not getting anywhere paying rent vs paying payments on a loan , ive got a few thousand right now and am in a odd spot as i dont know if i should stop putting money away for a loan payment and buy a car ( i lost mine due to black ice and insurance didnt cover) i dont necessarily need it to work but i think it will be needed to look at potential properties when im getting ready to pull that triggerAnyways my plan when i first started my job was to just get fully licensed in plumbing and once i have it i would be knowledgeable enough to do most if not all plumbing repairs in any property thinking it would be saving me thousands of dollars when/if i needed to do any type of repair to the unit or its water/heating systems vs paying for it, granted as i get more and more property ill doubt ill still be interested in doing it but i figured its a good stable job to start with and i could always fall back on if needed.

In six months, the water pressure falls dramatically, due to sediment from old galvanized pipes plugging inlet port of new water heater.

I lost a great lender...thanks to Dodd-Frank even though my loans don't fall under consumer loans.

If your uses fall within the lower appraisal number, then you need to decide if the $450 is worth it just for you to know what it's worth right now.In other words, let your need for access to the capital be your guide.

Although my brokerage was a victim of the recession, I kept my license current and then passed the broker's exam three years ago.  

Check out the Midwest10% net ROI are falling of trees.I personally don't get out of bed for anything less than 15% net when buying to hold for myselfThanks

 $24,000 annual rental income, rented a year at a time with $12,000 paid before the fall semester and $12,000 upfront for spring.  

We had a couple deals fall apart because our team was not well versed in the multifamily FHA requirements. 

Possibly my math is wrong, or NYC in general is not a market to invest money in unless you're willing to take the chance of monthly cash loss in exchange for the hope that your investment continues to appreciate and the housing market doesn't fall out again...