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Updated 8 months ago,
What do you know about duplexes?
I am interested in learning the market around the Lubbock area. My wife and I are living in a single family home that we moved in to back in nov 2019. I have aquired equity in the home and the thought of using said equity to start investing in real estate has crossed my mind. I am not sold on it but while reading Brandon Turner's books he is constantly using the phrase "think 'how can I do this,' not 'I can't do this.'" So in the spirit of embracing this new mindset I am think "How can i use the equity we have acquired to invest in real estate and grow our money?" One thought is to sell our home and move into a duplex, triplex, or even quadruplex. I am just using the thought process if a duplex for now to avoid paralysis of analysis. All this being said, what are some advantages, disadvantages, and insights you have with duplexes? Any and all responses are welcome however I am particularly interested in learning from people with knowledge about duplexes in my area.