Non-Front Loaded Interest Loans?

[Brent Larson]

Hey all,

I am recently out of college, and finally have a decent paying job. I want to eventually work my way into landlording, but at the current time I simply don't have the cash to put a large enough downpayment onto a decent duplex/triplex to make it profitable. Further I don't realistically have the cash flow to guarantee I can afford a duplex/triplex in my area if a renter leaves (I plan on living on one side).

However, I do have the means to buy a personal starter home in the $100,000-$150,000 range, and think it'd be a great way to build equity, which I could then put towards a multi-family home. 

So, my question is this: Are there any types of home financing options out there that don't front load interest payments? 

My reason for asking is that I know with most home financing loans you're really just paying off more of the interest in the first ~5 years; obviously limiting the equity I can build. I'm new to my current job. I'll probably have new/better job opportunities in the future, very possibly in a different city. Even if I don't, I want to get into landlordship sooner than 5 years from now, and would like to build as much equity as I can in the present.


Bottom line: is buying really better than me renting, given that I may not be in the area for 5 years? My hunch is yes, but who knows; the market could crash and I'd be SOL.

Any advice is greatly appreciated.


Thank you for your time,

Brent L