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Kylee Heck
  • Oklahoma City, OK (okc)
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Duplex of SFH as first investment

Kylee Heck
  • Oklahoma City, OK (okc)
Posted

I am currently in the beginning stages of buying my first rental property. I am trying to decide if I use most of my savings to buy a SFH and then start the saving process over again to buy a duplex which could take a few years or do I wait a while and save up a larger sum to buy a duplex first?

I am at the early stages of researching and learning so I am having a hard time understanding how investors acquire multiple properties a year. My wife and I make very good money as a travel nurses but it would still take us a while to continue to come up with these 20% down payments for each property. Any advice is greatly appreciated! 

I am in the OKC area but also open to investing out of state.

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85
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Lina Bibikov
  • Developer
  • Danville KY
110
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85
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Lina Bibikov
  • Developer
  • Danville KY
Replied

@Kylee Heck would you be open to house hacking? If you purchase a duplex and live on one side you potentially could get a very low down payment loan.

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