Desire To Buy Next Duplex...Need Advice

[Jason Powers]

I have had one duplex for over three years, it is fully rented out with the same tenants.

I saved up a nice emergency fund for repairs for that duplex. (I leaned that here on BP)

The duplex has around 30K in equity.

I would like to purchase another duplex but like many don't have the next 20% laying around. Could/should I take it out of the equity to buy a next one or just be patient and keep saving for the 20%?

There are some desent properties right now in the area I could get for around 80K.

Thanks for any advice

[David Ward]

I hear a lot of people on BP going the owner fiance/subject to mortgage route, is that an option? I too would like to invest in a duplex type property, problem is they're pretty rare in Texas. As far as 3 and 4 plexes i've never even heard of those until BP, guess its a up north thing, good luck.