Duplex Purchase

[Michael Kreitzer]

I am new to real estate investing, and I would like to make my first purchase with a Multifamily unit in the Louisville, KY market. I would like this investment to supplement my current income, and over 10 years build a sizable real estate portfolio that will allow me to leave corporate America and spend 100% of my time focusing on growing my units. My first question is, what is the best strategy to purchase your first property with limited funds? Should I partner with someone, or go alone? 

[Chuck B.]

@Michael Kreitzer  - I'd recommend you move into one half of it and thereby acquire it with owner occupied financing.  It will be the cheapest/easiest loan you'll ever get.  

Feel free to yell if there's anything I can do to assist or if you'd like another set of ideas on the deal to see if it looks like a  winner.

Best,

- Chuck