Updated over 2 years ago on . Most recent reply
Buying My First Duplex Rental Property
Hey everyone, I am looking to purchase my first investment property in 2024. Thinking a duplex makes the most sense for my investment strategy but am wondering what my options are for financing.
I own a home where my fiancée and 4 year old live. We are not interested in a FHA loan because legally I would have to live in one of the units for a year (away from my family; unless there's a way around that that I'm unaware of).
Are there any other strategies for low money down purchases in investment properties? I’ve heard of seller financing but don’t know how I would approach that and that is the only other thing I can think of besides coughing up 20-25% down which would completely wipe out the bank account. Any advice or guidance is greatly appreciated! Thanks!