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Updated almost 7 years ago,
Lynchburg VA rental oppertunities.
Hey everyone. My name is Lucas and I am new to real estate investing. I want to purchase my first rental property by the end of the year and I don't know which property will be right for me. I was looking at townhouses for my first property and im wondering if that will be a good start. I don't have 20% to put down on a $160,000 triplex or fourplex and the lower cost associated with townhomes is why I think it would be a better fit for me. If anyone has had success with or even has horror stories about why I should or shouldn't purchase a town home as a first time rental property investor please share some suggestions or warnings. thank you all.