Quadplex: Real Estate Investing’s Best Kept Secret?
While single family rental properties have served me well as a real estate investor, the quadplex has some unique benefits as a real estate investment that you can’t find anywhere else.
Whether you’re looking for your first house hack, or are a seasoned real estate pro,
investing in a quadplex could best thing to happen to your real estate portfolio!
What is a Quadplex?
is a single building that is divided into four separate dwelling units. You might have heard of it by another name: quadriplex, fourplex, or four-flat.
Benefits of Buying a Quadplex
Financing is Easy and Cheap
Any residential 1-4 unit building qualifies for conventional financing.
Build Your Portfolio Faster
There are some unique rules surrounding 1-4 unit residential mortgages. In most cases, you are limited to a total of 10 of these loans (sometimes as low as 4).
Downsides of Buying a Quadplex
A quadplex still offers more space and privacy than a large apartment complex, but it isn’t quite as desirable as a single family home.
Living With Your Tenant
If you go the house hacking route and buy a quadplex to live in while renting out the extra units, understand that you will be living right next door to your tenants.
Can I Buy a Fourplex with an FHA Loan?
Yes! If you will live in one of the units as your primary residence, you can use an FHA loan to purchase a fourplex.
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