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Updated over 8 years ago,
Buying duplex as first investment
So after careful consideration and weighing out other options, my wife and I have decided to move forward with purchasing a duplex as our first home/investment!
We currently rent an apartment and within the next 8-12 months our plan is to purchase a duplex, live in 1 unit for 1-2 years while renting out the second unit. After that we will look into purchasing our "dream home" and keep the duplex then renting out both units.
Now , my question is what is the best course of action on this? We aren't looking to do anything fancy, we want to get our feet wet, purchase and own a property and get exposure to being landlords and learn from there.
Please critique and give feedback! We want to absorb as much as possible from BP to guide us on a path of success and enjoyment