One - 3 Bed/Bath House or One - 2 Bed/Bath Duplex?

[Diego Furlan]

Hey everyone!

What do you think would work best for a new investor with low starting capital? I think long-term, a duplex is the better option since I'd be able to eventually move out and switch my place for a tenant and invest in another property. 

I am considering buying one property (3 Bed/Bath) since I am starting out with low capital for an FHA (3.5) - Will buy "as-is" to get better approval odds and avoid the 203K loan.

The reason I am considering this is because most duplexes I've come across that are also within my budget (≤ $25OK) are in not such great shape nor in the best neighborhood; and it's only logical since my budget is so low. But hence, I ask if getting one - 3-bedroom/bath house would be the better option given my situation.

Thoughts? 

[Mark Hart]

@Diego Furlan I spent a long time in Denver and i'd recommend getting the duplex and living in one side so you can offset your expenses with the income from the other side. It will also introduce you to being a landlord! 

If you do not have the capital to buy the duplex today then I would focus on creating a pipeline of off market duplexes and instead of buying the first one just wholesale it (or other SFH's) until you have enough cash for the duplex!