I appreciate any advice I can get .
My girlfriend sold me her townhouse for 80. She quit claimed it to me 1yr 7 months ago, I did a refinance and paid her the 80k. Property appraised for 105k. I want to get started in Real Estate investing. I ran the numbers on the townhouse, after all bills are paid I pocket 275 monthly. I’m thinking that we should clean up her credit, put 20% down on a multi family unit ( she doesn’t want to live in a duplex, triplex, etc can’t use fha 3.5% 😕) and rent the units. We can have 2 income producing properties but she wants to put the 20% down on our home instead. If I can make them both happen ( investment property and our home ) she will be on board. Any ideas? Should we put 20% down on our home, rent the townhouse and get the experience of being a landlord to see if this is what I really wanna do? Should I sell the townhouse and use that money for the multi family investment property?