One of the most popular questions in the real estate community is “how do I get started?” There are always new investors looking to enter the wonderful world of real estate, but don’t quite know how to do it. That was me not too long ago! If you are fresh out of college or looking for your first investment, a duplex is the way to go! Listen up, because this is one key to getting ahead early!
A duplex is simply a property with two total units. The idea of owning more than one unit may sound intimidating on the surface but is actually much easier than you may think. Additionally, with current FHA loan guidelines getting approved for a duplex loan may not be as big of a hurdle as you think. A duplex purchase can help get your foot in the door and give you a tangible asset to help stay there. And here are five reasons to consider getting started with a duplex.
Until I started talking to more experienced investors, I had no idea a duplex is an ideal first investment. If you have been thinking about the best way to get into real estate, this may be your answer. And, if you have a duplex or other multifamily property that you’re looking to sell, give us a call because we’ll give you a competitive, all cash offer for it!
See original at: https://www.cthomesllc.com/2018/12/5-reasons-you-should-invest-in-a-duplex/