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Updated about 9 years ago,

User Stats

23
Posts
2
Votes
Andrew Abbott
  • Flipper/Rehabber
  • Milford, MI
2
Votes |
23
Posts

House Hacking: Duplex Unit vs. Single Family Rooms

Andrew Abbott
  • Flipper/Rehabber
  • Milford, MI
Posted

As a first time home-buyer and new investor I have been looking to purchase a duplex using FHA and occupy one unit while renting out the other to help cover mortgage payment and gain experience as a landlord.

However, I'm not finding very many multi-family properties on the market in the metro Detroit area... and none that make much sense from an investment standpoint.

Does it make more sense to look for a 3 or 4 bedroom single-family home and rent out the extra rooms to some roommates?

I'm looking for some advantages/disadvantages to both strategies.  Any advice is appreciated!

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