Investing in a duplex

[LaShanti Penn]

I am a newbie and want to get into real estate investing. I have read a couple of Brandon Turner books and the only experience I have with real estate is the purchase of my home 8 years ago, which was a short sale. I have savings as well as the equity in my home as an option for starting capital. I may or may not be investing alone but I do have a friend that is interested in learning along with me. I notice that people on these forums suggest multifamily quite a bit and the market here in Charlotte is pretty slim so I looked in nearby cities. In Hickory (about an hour away) I see some listings for brand new duplexes around $380k. I am intrigued by this only because it seems fairly reasonably priced for a duplex, much less a brand new one. I have never been a landlord but Hickory is close enough that I would probably handle it myself versus hiring a property manager. I have not made a move towards anything yet just because of fear of the unknown and trying to figure out how to vet deals. Does this sound like a good deal?

[Colleen Goldstein]

@LaShanti Penn @Cameron Goodall

👋Also a Charlotte investor and agent, would love to connect with you both. There are still investable places in the Charlotte metro area but typically need to know how to look for them and find the value-add. I run an investors group in downtown Matthews called Southeast Charlotte Real Estate Meetup and would welcome you both to come, network, and learn.

Alternatively, if you want to connect I'm also a licensed agent for ERA Live Moore, seasoned investor, and have access to off market listings that might fit the bill for a first multi-family / house hack investment property.