Most definately. I would go for a duplex, preferably side by side, with the following provisions..... if your neighborhood has only dumpy duplexes, maybe stick with SFR if they can get you a decent return. If you can afford 4plexes, and your demographic is high quality, go for that. The more unit, the more tenant issues... so only start with a 4plex if you have a thick skin, it's in a great neighborhood, or you have experience with management.... If you can't afford a plex in a decent neighborhood, consider buying a plex and moving into it. The financing you can get with owner occupancy is awesome... and if you're moving out of a house you own, then you have another rental there. With minimal experience and/or minimal funds, it's hard to get the highest returns possible. However, it's still better to get into the market with extra cash-flow coming in than to wait. That being said, if you are patient, even moderate returns will make a big difference in a few years. In addition, if you can buy a property under market, or with an opportunity to add value (even if it's just paint and landscaping), you then have the ability to give your investing a boost when you either raise the rents because you have a higher class property and/or pull out some equity to invest in another property. Slow and steady wins the race.... or fast and steady... either way you have to get started.

Updated about 9 years ago on 09/20/2016. Most recent reply

Ethan CastleberryPoster

Investor
Lufkin - College Station Tx

Starting Out

What are my options

Ethan CastleberryPoster

Investor
Lufkin - College Station Tx

Posted September 20, 2016 22:12

Looking for my first investment property. I'm 25 years old, married with a child on the way. I have been able to save about $20k and am ready to purchase something that will supplement our monthly income without taking too much time away from our current jobs. Personally I feel like multi family properties (duplex/tri/quad) to start with but I would like to get some opinions from you guys.

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