Triplex

A triplex is a type of multi family home. It has three residential units. Because of this, buying and renting out a triplex in a good real estate market can mean generating a high rental income. Another reason this type of multi family real estate is so popular among property investors is that it can be used with the house hacking real estate investment strategy. This allows real estate investors to live in one unit and rent out the other two. The rental income can cover mortgage costs and essentially, you can live for free. These investment properties coupled with the house hacking strategy also open up the opportunity for FHA financing which means a lower down payment than is typical for rental properties and lower interest rates as well. Start your search for a triplex with Mashvisor now and find a high return on investment property.