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Updated over 18 years ago,

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31
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31
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Getting Started

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Posted

Ok, well let you have probably already heard before I'm new to investing and would like to get it rolling soon.

I understand that the market has slowed down so I'm looking into getting started with rentals instead of rehabs.

I have owned two houses in my short life time and maybe 70,000 on my last house when we sold it (live there for two years)..

We used that money to buy our current house.

Ok so here is my question:

I'm looking into rentals but I would like to get my feet wet - so should I buy a condo and rent that out or a multi-family home instead?

A condo would cost less and be easier to manage, but is there more protential in a multi-family?

I'm also planning on join my state REI club next month so any advise now would be great.

Thanks

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