Duplex / Muilty family

[Billy Hills]

My wife and I have decided to buy one or two Duplexes. (apartment buildings) I am not sure on the actual term. We are thinking cost wise it would be easier to have to replace one roof . Than four in the long run. We Are also thinking 2 to 5 living spaces in one building. We will be occupying one for a time not sure how long thou. I know this has been discussed here a LOT. But any extra advice or experience you would be willing to share would be a big help. Any thing from deposit amount to how to attrack a good tenant. for this situation. and so forth. I hope this does not seem like a weak question. Truth be told since my adult renting career I have always been in a home or mobile trailer. So to me this aspect is a new animal to me.

Thank you

billy

[Brie Schmidt]

@Joel Owens is right - I think the easiest way to start is buying 2-4 units, living in 1, and getting a FHA loan with 3.5% down. Once you start buying properties strictly for investment (you wont live there) the down payment will be 20% - 25%

Start with searching for properties online and seeing what you like or dont like, then find a Realtor in your area and get preapproved for the loan - then start seeing actual properties