Hi, long time follower, however not too much on posting.Goal: I’m looking to purchase a 3 family property in central CT.Position: Currently I own two condominiums that are under an LLC.

Typically with houses of this age - you'll need structural folks to dig and install piers into the soil.

These days the hardest part for me is finding & keeping qualified contractors for the work that always needs to be done.

-22 years old-$50,000 pre tax income from business this year-80k in savings-30k in investments-pre approved for $350,000 (had to use parents as co-signers because I started business 2 years ago and didn’t make much first year)Looking to get into first house by house hacking a 4 bed 2 bath renting out 3 rooms.

You will need probably 20% of total cost (Not including financing costs. 80% LTC) as the down payment.

Project Collaboration: If you're interested in partnering on a project or need architectural insights, let's chat and see how we can work together.I'm genuinely excited to be part of BiggerPockets and can't wait to contribute to the community.

Our plan was to rent it for 3-7 years, and then sell it, before a roof, HVAC, plumbing, or even much flooring was in need of replacement. 

@Huong LuuIn my opinion, presuming you need the money - it is better to cash-out refi the property.  

How much equity do you have? 

I need some tips for investing when your immediate home is a HCOL area.