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Updated over 4 years ago on . Most recent reply

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Todd Ropp
1
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1
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First time investor

Todd Ropp
Posted

I am looking at buying my first investment which is a duplex. I am planning on living on the one side and renting out the other side along with trying to get someone to live with me to cut down on costs and try to live for free. Looking for some tips for a first time investor. Thanks

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Brandon Dumbuya
  • Atlanta, GA
21
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Brandon Dumbuya
  • Atlanta, GA
Replied

@Anthony Dooley is right in that finding a duplex may be difficult depending on your market. I'd add single family houses with a guest house or mother-in-law suite to your search. If you're having a tough time locating one that meets your criteria, consider renting a SFH with 4 or more rooms and renting out the rooms individually.

Also, learn how to manage a rental. I'd recommend Brandon Turner's book on landlording to give you a good idea of what you're getting yourself into.

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