Updated about 6 years ago on . Most recent reply
1st multi family unit
I’m looking at purchasing my first multi family property. I have no experience in multi family. I have a vacation rental that has done well and a commercial property. Both I am planning on selling to get into bigger multi family units but, I would like to try a small deal first to get my feet wet. Any help is appreciated! I’ve found a few brand new duplexes that are $290k that according to realtor I could rent out for 1350 each side. Or there’s an older duplex for $200k that one side is paying $950 the other is $1050. What’s the pro to buying the new duplex or would it be better to buy the older one fix it and do a brrrr? I’m brand new and appreciate all of you thank you!
