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Updated about 6 years ago,

User Stats

47
Posts
3
Votes
Curtis Sharpe
  • Rental Property Investor
  • Montreal, QC
3
Votes |
47
Posts

Single family home or duplex ?

Curtis Sharpe
  • Rental Property Investor
  • Montreal, QC
Posted
Hey guys I'm having a hard time choosing weather or not to buy a single family home or a duplex for my first investment property, my problem is I have like 130k saved so I'm skeptical about buying a duplex because the 20% down payment would be close to 80k where as if I stick with a single family home I could probably put a down payment on three or four properties with room for renovations and errors if need be, my girlfriend wants to steer towards the hack house strategy and get a duplex I'm just worried that would eat up most of my finances for other future properties. What would you do ? Please help.

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