I'm a single man looking for ideas or what knowledge I need to have in order to invest in real estate. My ultimate plan is to buy a duplex somewhere and rent out both sides. I do already own a home in Baton Rouge L.A. near LSU campus and plan to rent it out.
I'm a single man looking for ideas or what knowledge I need to have in order to invest in real estate. My ultimate plan is to buy a duplex somewhere and rent out both sides. I do already own a home in Baton Rouge L.A. near LSU campus and plan to rent it out.
I'm a single man looking for ideas or what knowledge I need to have in order to invest in real estate. My ultimate plan is to buy a duplex somewhere and rent out both sides. I do already own a home in Baton Rouge L.A. near LSU campus and plan to rent it out.
Lender · Charlotte, NC · Member since 2022 · 739 posts · 410 votes
4y
Hi @Dominic Bailey, I would get a conventional loan if you can qualify. If not, you can always go non-QM or DSCR.
Since you are going to be renting out your current primary, I would try house hacking for your next purchase. I know it is not for everyone but if you are interested in maximizing profits, that is a great way to do it.
Obviously, buying at a discount or creating a discount through strategies such as BRRRR are great ways to maximize profits. Those do take more time and effort, however.
Hope this helps! Let me know if I can be of any assistance.