5 Things to Know Before Buying a Duplex, Triplex, or Quadplex

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Episode #511 Ask Your Question for a Future Rookie Reply: https://docs.google.com/forms/d/e/1FAIpQLSeV9NHI8x0Ryo3WtceOZu6uFVA44UawT2l64tWDhocMklsr3g/viewform?usp=sf_link Episode Show Notes: https://www.biggerpockets.com/podcasts/real-estate-rookie?utm_source=youtube&utm_medium=description&utm_campaign=none Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Buy the Book “The Multifamily Millionaire, Volume 1”: https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-i?utm_source=owned_media Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders Real Estate Rookie 261 – How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame: https://www.biggerpockets.com/blog/rookie-261?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none Thinking about buying a duplex, triplex, or even a quadplex? Small multifamily properties are often some of the BEST investments for cash flow, especially if you plan to live in one of the units! But how does this type of property differ from a single-family home? What do you need to know before buying? Listen in to find out! Welcome back to another Rookie Reply! Today, we’re scouring the BiggerPockets Forums and answering more of your questions. After covering the ins and outs of small multifamily investing, we’ll get into financing your first property. What’s the best loan for first-time home buyers—FHA, conventional, or another option entirely? We’ll put them head-to-head and point you in the right direction! Finally, we’ll discuss several ways to use your home equity to grow your real estate portfolio. From 1031 exchanges to lines of credit, there are all kinds of options! 00:00 Intro 00:25 Small Multifamily Investing 101 13:41 Loans for First-Time Home Buyers 21:13 Tapping Into Home Equity 26:09 Ask Your Question!