Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago,
Buying a Multifamily home as an investment property
Hello BP,
I am currently 25 years old with a stable 9-5 job in Southern NH, right on the border of MA. Currently living with my parents and have saved up enough money for a 20-25% down payment for houses in the 200K~ range.
My goal is to find a 2-4 unit multiplex and I will hire a property manager as I have no handyman experience at all. I do not intend to live in this so it would be fully rented as well.
So my question is, does this seem like a viable idea in the current area I live? Is there anything in particular I should be wary of? I still have much more research to do and any advice is greatly appreciated!