Updated over 3 years ago on . Most recent reply
100k to invest. Short or long-term? Single or duplex?
Hi everyone,
been listening and reading a lot. This is my first post. I’m trying to figure out the best strategy for investing in my first rental property. I don’t want to get over my head in my first purchase. Should I buy a property to rent long or short term? Should I get a single or duplex? houses here are running $300k and up for singles and 500k and up for duplexes. Thx!
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John Underwood
#3 All Forums Contributor
Pro Member
#3 All Forums Contributor
- Investor
- Greer, SC
To start with I would recommend the duplex as a long term rental. Learn the ropes on being a landlord then jump into the STR arena.