Building a duplex or small home for rental?

Question

I would like to build a duplex but then cost is higher than a small home. The goal is to buy land...build one or the other...every couple years or so pull out the equity and build another on the same land. Eventually have a small community.

Building costs are high right now. I could build a small home for about 80k. A duplex will likely be 150k.

I wanna spend as less as I can on this build because I want to invest more in the stock market while its beat. In 3 to 5 years anything you buy now should at least be worth double. You wont see that return in real estate.

I want to build income on real estate.

Any help or advice anyone can give me?

I likely will see a CFP. it may be possible to finance the build instead of pay cash.

Never been a real estate investor. Always leaned stock market.

But I need a new place to live so figured a duplex would be the best.

Thoughts??

Ruchit Patel · Answer

Constructing a house can be tricky for a beginner. I have been there.

Would you like to learn my story? Happy to connect.

--Ruchit

Nathan Gesner · Answer

The more units you can buy, the better your return will be.

Save money so you can invest in the stock market??? Even with the current stock market, you're better off investing in real estate. Every $1 invested in stock lets you benefit from . . . $1. There's no leverage. You have no control over how it performs. You don't benefit until you cash out. You have to time the market to cash out on top.

i think you'd be much better off building a fourplex.