, and How should I go about finding the right fourplex for my first property?

.: Hi all, I figured I would ask the BP community if anyone has experience financing their first multifamily property using a USDA loan, or through the NACA homebuyer.program?

If you’re a first-time homebuyer, purchasing your first duplex can be one of the smartest moves you’ll ever make in real estate.

As soon as those unprepared hosts get their next payout and see their profits chopped, they'll scramble to raise rates.

**OPERATING COST REALITY CHECK:**- Insurance: +29% YoY (coastal exposure + reinsurance crisis)- Maintenance: +24% (labor + materials)- Property Taxes: +22% (reassessments catching up)- Condo Fees: +45% since 2021 (SB 4-D structural compliance)**MARKET DYNAMICS:**- Luxury ($1M+): 10.2 months inventory, seeing 10% discounts- Single-family: 6.4 months, still climbing 4% annually- Condo/townhome: 12 months inventory (buyer's market forming)**CAP RATE SPREAD:**- Miami core (Brickell/Downtown): 4.7%- Suburban (Doral/Kendall/Homestead): 5.3%- 60bp spread = biggest arbitrage opportunity in years**INVESTOR BEHAVIOR SHIFT:**Seeing capital rotate from luxury spec plays → workforce housing with stable cash flow.

Kristina, honestly, this could be a solid first rental but only if a few things check out first.First thing — double check your numbers.It sounds like each side is paying $12,000 a year, so roughly $1,000/month.

Mic, good on you for wanting to get your first real flip done with a system instead of winging it.

First, I recommend clarifying your overall financial goals.

Hi @Gregory Peeplez, Have you decided which market you’re focusing on first?

I'm seeking a little advice on where I should put the money I'm stockpiling for a down payment on my first residential investment.