Investment property loans › Duplex, triplex and fourplex loans
Duplex, Triplex and Fourplex Investment Property Loans
More doors under one roof. One loan that sees the whole building.A bank gives you an answer. As your loan broker, I give you options.
You found a building with two, three or four front doors and a rent roll that makes sense. Then the bank looked at it like a house, ignored the rent and asked about your W-2. I’m Kevin Kermeen, and I place duplex triplex fourplex loans for investors who buy or refinance small multi-unit rentals. Whether you need duplex investment property loans, triplex loans or fourplex loans, I match the building and your plan to the right program, often qualified on the rent, with capital partners from my network of 200+. DON’T beg the bank!
7 days a week (Arizona Time)
- 200+capital partners
- $150,000program minimum
- Buy or refiincluding cash-out
- 3 to 5 daysfor term sheets
How Duplex Triplex Fourplex Loans Work
Duplex triplex fourplex loans are investment property loans for residential buildings with two, three or four units. The right program depends on the building and your plan.
Qualified on the rent
Many duplex triplex fourplex loans are built like a DSCR loan: the capital partner compares the rent from every unit to the full monthly payment, instead of leaning only on your personal income.
Keep it for the long run
If the building is one of several rentals you plan to keep, buy and hold loans can finance it on its own or alongside other rentals.
Buy it, fix it, rent it
A tired triplex with below-market rents can be a strong BRRRR project: short-term money for the buy and rehab, then a long-term loan sized on the new rents.
Buy it, fix it, sell it
If the plan is to renovate the building and sell it, fix and flip loans fund the purchase and the rehab.
On This Page
Duplex Triplex Fourplex Loans Stories You Might Be Living
Every investor who calls me about duplex triplex fourplex loans has lived a version of one of these. If yours sounds familiar, the building may not be the problem. The financing might be.
THE BANK SAW A HOUSE
The bank ignored the rent from the other units
You found a fourplex with long-term tenants in every unit. The rent covers the payment with room to spare. The bank still wanted two years of tax returns and treated the building like a single-family home with extra kitchens.
What changes when you bring it to me: Fourplex loans built around the rent look at what the building earns. I match your file to capital partners who qualify small multi-unit rentals on the rent roll, the reserves and your credit, and I tell you at the start what each one needs.
THE FIXER WITH UPSIDE
The rents are low, and you can see why
The triplex is dated, the rents are behind the market and the seller is tired of managing it. You know exactly what the units need. The bank wants it fixed before it will lend, and the seller will not wait.
What changes when you bring it to me: Triplex loans for a value-add plan can fund the purchase and the rehab now, with the long-term refinance planned from day one. I show you what the numbers support before you make the offer.
THE NEXT BUILDING
Your first duplex worked, and you are ready for more
Your first duplex has been rented for years and it has built real equity. You want the next building, but your bank says you already have enough rental debt, and the down payment is tied up in the first one.
What changes when you bring it to me: Duplex investment property loans can refinance the building you own, pull equity out if the numbers support it and finance the next one. I lay out the options side by side so you choose with clear eyes.
☂️ Banks hand out umbrellas when the sun is shining, not when you are weathering the storm.
7 days a week (Arizona Time)
Are Duplex Triplex Fourplex Loans the Right Fit?
These loans fit when
- The building has two, three or four residential units
- It is an investment property you will not live in
- You are buying it, or refinancing one you own
- The rent should cover the payment, or will after a rehab
- You own, or want to own, it in an LLC
Look at another program when
- It is a single-family rental: see DSCR loans
- It has five or more units: see multi-family apartment loans
- You want several rentals under one loan: see buy and hold loans
- You are behind on the current note: see the investment property foreclosure bailout
- You plan to live in one of the units: call me first
How Duplex Triplex Fourplex Loans Work With Me
One conversation, one application and a broker who stays on your file until it closes.
- You call or apply. Call Kevin 7 days a week (Arizona Time) at (480) 915-8690, or start the duplex, triplex or fourplex application. Bring the price or value, the rent for each unit and your plan.
- I pick the right program. Duplex triplex fourplex loans come in several shapes: rent-qualified, buy and hold, BRRRR or fix and flip. I look at the building and your plan and tell you straight which program fits.
- I match the file. I take one complete file to the capital partners from my 200+ network whose guidelines for duplex triplex fourplex loans fit your building, your market and your credit.
- You compare term sheets. 3 to 5 days
Expect term sheets in 3 to 5 days. I walk you through each one in plain English: payment, costs, prepayment terms and conditions. - Appraisal and rent schedule. The appraisal usually includes a market rent analysis for each unit. I keep the file moving and you informed.
- You close and move on. Days, not months
Investor loans like these close in days, not months, and some loans are approved and funded in 24 to 72 hours on select programs. Then you get back to the next building.
7 days a week (Arizona Time)
What You Will Need for Fourplex Loans and Triplex Loans
Have these ready and your file for duplex triplex fourplex loans can go to the right capital partners without anyone asking you twice. Missing something? Apply anyway and upload the rest later.
Every duplex, triplex or fourplex file
- Property address and the number of units
- The purchase contract, or a mortgage statement if you are refinancing
- Property photos, including each unit when you can
- LLC or corporation documents, if you buy through an entity
- Last two months of bank statements for cash to close and reserves
- A credit report with scores, and a government ID
- A personal financial statement and a schedule of real estate you own
The building income
- A rent roll showing each unit, its rent and any vacancy
- Current leases for occupied units
- Annual property taxes, insurance and any HOA dues
- 12 months of income and expenses on a refinance
- A rehab budget and scope of work, if the plan includes renovation
- The cash-out amount and what it is for, if you want one
These programs are for investment property only. If you plan to live in one of the units, call me first. I will tell you straight what fits, and if it is not one of these programs, I will point you in a better direction.
What Capital Partners Look At on Duplex Investment Property Loans
Every capital partner has its own box, but most ask the same questions about duplex triplex fourplex loans. Knowing them before you apply saves time and surprises.
- The rent roll: whether the rent from every unit covers the full payment
- Vacancy: how many units are rented today, and for how long
- Credit: scores and any recent credit events
- Reserves: cash left after closing to carry the building
- Condition: whether the building is rentable as is, or needs work
- Experience: first-time landlords fit some programs, and a track record opens more
- Title: some partners lend only to an LLC or corporation
- Location: many partners lend only in certain states or markets
A weak spot does not end the deal. It changes which capital partners fit, which is why I review every file before it goes out. For how rental income and expenses are reported, see IRS Publication 527 on residential rental property, and for the rental market, see the U.S. Census Bureau Housing Vacancies and Homeownership survey.
Check the rent against the payment first
Plug in the rent from each unit, the payment, taxes and insurance to see the coverage ratio and cash flow. Bring the result when you call me.
Want to see real deals? See my Just Funded deals
Why Investors Use a Broker for Duplex Triplex Fourplex Loans
A bank gives you an answer. As your loan broker, I give you options.
A bank can only offer its own loan, and many banks treat a small multi-unit building like a house. I am a nationwide commercial loan broker, and I work for you, not the lender. My job is to know which capital partners are writing duplex triplex fourplex loans right now, and to present your building so it gets a fair look. DON’T beg the bank!
“Bring me the building and the rent roll. I will tell you what it supports, what it will take and which of the 200+ capital partners I work with is the right fit.”
A fit if you
- Need $150,000 or more
- Have a duplex, triplex or fourplex under contract or owned
- Can share the rent roll and your documents
- Want options, not one take-it-or-leave-it offer
Not a fit if you
- Need less than $150,000
- Want a promise of approval before anyone sees the file
- Are not ready to share documents
- Need a building with five or more units: see my multi-family apartment loans
Other Investor Programs
Every strategy needs a different loan. See every program on my investment property loans page, or jump to the one that fits.
Buy and Hold Loans
Best for: Long-term rentals, one or several under one loan
Investment Property Foreclosure Bailout
Best for: Behind on an investment property note
Five or more units? See my multi-family apartment loans. Need short-term money to buy a building and refinance later? See my bridge loans.
7 days a week (Arizona Time)
Duplex Triplex Fourplex Loans FAQ
What are duplex triplex fourplex loans?
They are investment property loans for residential buildings with two, three or four units. Many are qualified on the rent from every unit, and the right program depends on whether you plan to keep, renovate or sell the building.
Can fourplex loans be qualified on the rent?
Often, yes. Many capital partners compare the rent roll to the full monthly payment, including taxes, insurance and any HOA dues, instead of relying only on your personal income.
Are triplex loans different from duplex loans?
The programs behind duplex triplex fourplex loans are similar. Partners look at the rent roll, vacancy, condition, your credit and your reserves. More units can mean more rent to support the loan, and more for the appraiser to review.
Can I live in one of the units?
These programs are for investment property only. If you plan to live in one of the units, call Kevin (480) 915-8690 to discuss your situation, and I will tell you straight what fits.
What is the minimum loan amount?
My duplex triplex fourplex loans start at $150,000. For a smaller deal, call me and I will tell you honestly whether I can help.
Can I do a cash-out refinance on a duplex I own?
Often, yes, when the value, the rent and your credit support it. Duplex investment property loans can refinance an existing loan and release equity for the next purchase.
How long do these loans take?
Expect term sheets in 3 to 5 days. Loans like these close in days, not months, and some loans are approved and funded in 24 to 72 hours on select programs. The appraisal, title and your documents set the pace.
Do vacant units hurt my chances?
Not always. Many capital partners use a market rent estimate from the appraiser for a vacant unit, while others want a signed lease on most units before they lend. If units are empty, I match your file to partners whose vacancy rules fit, and I tell you before you apply what each one needs.
Is approval certain if I apply?
No. Every file is subject to credit approval, and rates and terms depend on the building, the rents and your file. What I promise is a personal review and a straight answer.
Ready to Talk About Duplex Triplex Fourplex Loans?
A bank gives you an answer. As your loan broker, I give you options.
Tell me about the building and your plan. I review every file for duplex triplex fourplex loans personally and give you a straight answer on which program fits. DON’T beg the bank!
☂️ Banks hand out umbrellas when the sun is shining, not when you are weathering the storm.
7 days a week (Arizona Time)
Subject to credit approval. Terms vary. This is not a commitment to lend. Duplex, triplex and fourplex loans are for non-owner-occupied investment property only.