Starting with a duplex
I am planning to start,and as i have learned from many investors it seems to be better buying a duplex and live in one of the units,but with the rates that i can get approved and the prices in my market doesn’t seem to be at all a Positive cash flowing first deal,that scares me,where should i look to understand better how to make a positive start of the journey?
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@Vasilii Baban
On Our first duplex our mortgage was $710 and the rent from the other 1/2 side was $375...
That was 7 years ago. Now the place rents for $1200 a month and the mortgage was paid off in 4 years.