Should I invest in a Townhome or Duplex?
Hi, I have been looking at Salt Lake City and the Lehi markets for awhile now, and I wanted to get some insighter perspectives on whether investing in a townhome is a good investment or would a duplex be a better investment in these areas? I am just trying to do my research on what the first time home owner is interesting in buying and what the renters there are more willing to rent. I know townhomes usually have an HOA attached to them and they are more affordable for the first time buyer. Also I noticed it is hard to find a good deal on multifamilies in these markets. I am looking for high quality tenants and an area that attracts good businesses and developmental growth. I want to invest in an area that will become desirable or is already desirable (has good school districts, low on crime). I will appreciate any advice as well as property manager and real estate agent recommendations. Thank you!