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/biz/ - Business & Finance

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57095508 No.57095508 [Reply] [Original]

Are triplexes a good financial decision /biz/?

https://www.zillow.com/homedetails/220-E-8th-Ave-Conshohocken-PA-19428/9851013_zpid/

>> No.57095629

>>57095508
should I live in 1 and rent out the other 2?

>> No.57095759

>>57095508
quadplexs are optimal
you can still get a home owners mortgage (not commercial morgtgate) with 4 units.
5 or more financing is a pain in the ass.
optimal to buy a quadplex and live in one, move out when you can afford it and rent the 4th unit.
you will likely not put much more money into the house than the down payment and renovations.

>> No.57095785

>>57095508
>optimal to buy a quadplex and live in one
imagine having enough money to afford a quadplex, and choosing to live in a fucking quadplex
yeah it's frugal, but holy shit, if I could afford a $500k house, I would never choose to share walls with other people

>> No.57095884
File: 15 KB, 236x290, 570a49db92b7495a586c8f0e09a64b8a.jpg [View same] [iqdb] [saucenao] [google]
57095884

>>57095508
Enjoy spending half a million dollars to share your walls with niggers in fucking Philly lmao

>> No.57095903

>>57095508
Live in a quadruplex, jew the government government-subsidized mortgages, and rent to as many people as legally possible (preferably on a short-term basis so you don't have to deal with evictions).

>> No.57095951

>>57095884
I'm not most likely, my tenants will though

>> No.57095957

>>57095951
>renting to niggers
????
How dumb are you?

>> No.57095990

>>57095957
This is a white neighborhood. I can see you don't have rental property yet since you don't realize you choose your tenants kek.

>> No.57095992

>>57095957
If they seem like good people, why not? Racism sucks.

>> No.57096096
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57096096

>>57095992
Correct. To elaborate, black people aren't all niggers and white people aren't all not niggers.

>> No.57096387

>>57095759
>>57095785
Yeah want to use my VA loan for 0 down

>> No.57096780
File: 64 KB, 640x592, anyone-who-thinks-this-is-acceptable-needs-a-reality-check-v0-usegd5l1cni91.jpg [View same] [iqdb] [saucenao] [google]
57096780

Anyone have experience with a lease like this?

>> No.57096792

>>57096096
is it racist to notice that black people are disproportionately more likely to be niggers?

>> No.57097112

bump

>> No.57097185

>>57096780
Yes, I had to sign a similar contract.

>> No.57097192

>>57097185
hope you didn't break it anon

>> No.57097266

>>57095785
>if I could afford a $500k house, I would never choose to share walls with other people


It's not a permanent thing dumbass. Instead of buying a shitty "starter" house. Get a rental property then you have freedom to either keep acquiring rentals or just buy a real house and chill.

Your rental will pay for itself, and provide a few hundred to possibly even a thousand extra dollars per month. By the time you retire you could have two or more fully paid off homes plus whatever else you have in assets. Housing your first one or two homes is guaranteed wealth.

>> No.57097802

>>57097266
Hoping to have a couple

>> No.57098105

>>57096780
LMAO that can't be real
>no one bigger than me
because he doesn't want to get beat up? or is going to measure every new guys cock because he's insecure about his little dick. what if she dates a 5 foot tall muhammad ali? would he stand up to him in a fight
>no guns
he wants to be a sex pest so bad but seems terrified of everything in the world that's not a helpless woman
Is this real?

>> No.57098163

>>57095992
Obvious bait but I love it when some libtard rents to blacks ignoring all statistics and listening to feel good media then proceeds to get absolutely rekt. Blacks are incapable of living in anything besides a stick hut

>> No.57098218

>>57095508
These have high returns but low capital appreciation. They attract low quality tenants and turnover is high. This means you have to work hard as a landlord.
But if you live in one and keep an eye on your tenant it is an excellent way to get ahead. I know someone who makes a living doing this.