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Updated almost 9 years ago,

User Stats

9
Posts
2
Votes
Ashley McCall
  • Pompano Beach, FL
2
Votes |
9
Posts

First Purchase: Single Family Homes OR Multi-family Home

Ashley McCall
  • Pompano Beach, FL
Posted

I'm looking to buy my first home by the end of this year or the beginning of next. I have good credit and some money saved up. 

My question: As a beginner in real estate investing and never owning my own home, should I invest into a single family home, repair it and then rent it out or should I invest in a duplex fix it up and rent one unit out and live in the other?

Currently I'm living at home with my parents no bills just a car payment and a small school loan that I am paying off and will be done by the time I make my first purchase.

I plan to put 3.5% down and finance the rest.

I would like to know the Pros and Cons of both. 

Please help!

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