Duplexes, Triplexes, and Fourplexes
Hello all
I'm a currently saving up and learning all that I can from BP. My first investment will be a duplex or higher. My plan is to stay there for the required year and then refinance to purchase another property. I'll be using the FHA / 203k loan and maybe utilizing the dealer concession. I'm curious to know about personal experiences from people investing in MFs owner occupied. What are the biggest downfalls to prepare for loan and refinancing wise as well as living there? Would you prefer brand new vs older? If you could do it all over again what would you do? Any comments are greatly appreciated.