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.

Followed Discussions Followed Categories Followed People Followed Locations

Starting Out

Followed Discussions

Followed Categories

Followed People

Followed Locations

Market News & Data

Market Trends & Data

Buying & Selling Real Estate

Out of State Investing

Real Estate News & Current Events

Real Estate Technology

Investor Mindset

General Info

BiggerPockets Exclusive PRO Area

PRO

General Real Estate Investing

BPCON

New Member Introductions

Questions About BiggerPockets & Official Site Announcements

Off Topic

Starting Out

Real Estate Success Stories

Real Estate Horror Stories

Real Estate Strategies

House Hacking

Commercial Real Estate Investing

BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Innovative Strategies

Mobile Home Park Investing

Multi-Family and Apartment Investing

Land & New Construction

Wholesaling

Rehabbing & House Flipping

Short-Term & Vacation Rental Discussions presented by

Tax Liens & Mortgage Notes

Medium-Term Rentals

Buying & Selling Small Businesses

Outdoor Hospitality

Landlording & Rental Properties

General Landlording & Rental Properties

Managing Your Property

Marketing Your Property

Tenant Screening

First-Time Home Buyer

Real Estate Professionals

Mortgage Brokers & Lenders

Contractors

Real Estate Agent

Financial, Tax, & Legal

Personal Finance

Creative Real Estate Financing presented by

Insurance

Private Lending & Conventional Mortgage Advice

Tax, SDIRAs & Cost Segregation presented by

Foreclosures

1031 Exchanges presented by

Goals, Business Plans & Entities

Legal & Legislation

Real Estate Classifieds

Classifieds

Real Estate Events & Meetups

Reviews & Feedback

Ask About A Real Estate Company

Real Estate Deal Analysis & Advice

Guru, Book, & Course Reviews

Syndications & Passive Real Estate Investing

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

18
Posts: 6
Votes

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.

0 Votes

1 Replies

Jump to Last Reply

Sort By:

Oldest

Loading replies...

Struggling to find reliable real estate advice?

Join over 3 million real estate investors to build connections, learn from others, and share your journey — all for free!

Your Profile Views

Curious to see who's interested in your profile? Unlock your views with Pro

Connect with others

7 day free trial. Cancel anytime.

PRO

Upgrade to Pro

Market Finder - key investor metrics for all US markets

Deal Finder - investor-focused filters and notifications for new properties

Calculators - Unlimited access to 9+ property analysis calculators

Find an Agent

Find & Match With an Investment Friendly Real Estate Agent

Enter your market to get started

Rent Estimator

Address or ZIP