Updated over 10 years ago on . Most recent reply
Duplex
I'm going house hunting with my agent as a first time home buyer. (Owner occupier) I want to buy a duplex or triplex. Can someone give me advice on what to look for in buying a great property. "Im a little nervous in getting the wrong property" My agent is some what helpful but she is used to regular single family homes. I would like to go on and buy more properties someday to have a portfolio . "Thanks for reading this"
Most Popular Reply
Honestly consider getting an agent that is familiar with multi's. That would be my first advice. With your opening statements you are hoping to supplement your agents lack of knowledge - which is fine if you have the experience to do this and you are only using your agent to write offers etc.
As far as what to look for in your purchase -- location, age, sq footage, lot size, future city infrastructure development or redevelopment, potential rental rates (near hospital to rent to medical staff), are you looking for cash flow are you looking for appreciation....etc ... etc...
There are a lot of things to consider. Take your time - these are just my opinions.
I hope that helps.