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Updated about 4 years ago,
First time buyer advice
Hello BP community! I was wondering if you had any regrets on your first investments. I’m looking at long distance investing since I’m in the military. I have enough for a down payment for $400k properties. If the cash on cash return is comparable would you go for a 6 unit complex ~ 380k or a duplex at 90k? Both would require minor rehabs but nothing significant.
Lastly, would be using a family member to manage the duplex but would hire a PM for anything bigger.
Any thoughts/advise would be greatly appreciated! Thanks
-James