Buying and holding multi family units

[Luke Nelson]

My wife and I are in the market for a duplex. We live in the Minneapolis area where rent prices are very high. If you can afford a down payment, ownership can often be cheaper. 

We are looking at buying a duplex and renting out the other side. We know plenty of people who are looking for places to rent.

We do not want to accumulate a ton of debt but would have no problem borrowing if we are able to cash flow all of the properties. 

Any other suggestions for buying and holding properties? 

[Christos Dimopoulos]

I think this is a great idea. I would look for a duplex deal that would potentially pay for your side of the duplex and be able to live for free. If you could cash flow beyond that point, that's an added bonus. This will give you some experience in real estate investing and is a great way to learn. With the experience gained, you could then move on and start investing in more real estate and start cash flowing more! Good luck!