Looking for a multi-family REI

[Dominique Long]

Any advice to somebody whose starting out in REI. I was recently pre-approved and my lender told me to start looking at homes so we can get the numbers down. I live in Waterbury CT and there is pretty much nothing good on the market right now to even consider. I'm not looking for something where I have to do major constructions or old and outdated and my max budget is 200K. I really want a 3 family but I'm starting to consider a duplex because they are more up to date and better looking than the 3 families I've seen but the downside to the duplex is I won't produce as much cash flow as I would like. Any advice on whether getting a duplex or 3 family for your first REI? Or any advice in general would be helpful.