Starting Out

User Stats

9
Posts
0
Votes
Breann Acuna
0
Votes |
9
Posts

Duplex Strategy Question

Breann Acuna
Posted Oct 19 2022, 11:58

Newbie here and hoping to make my first investment property a duplex. Would it makes sense to use one unit for LTR and the other for STR? My thought process is an LTR could offer more stable/ consistent cash flow and just seems less risky. While an STR could bring in more money, it may be less consistent or even seasonal maybe? Because this would be my first property, I don't think I'll have enough cash to fully furnish both units for an STR approach, so it's either one unit or just pursue LTR's for both units. Thoughts on this strategy?

For reference, I'm looking at Lubbock Texas and hoping an STR would appeal to travel nurses, or visitors to Texas Tech.

Loading replies...