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Updated over 5 years ago,
Investing in Duplex vs Townhouse
My boyfriend and I are planning on getting married in the next year and a half and have expressed a strong desire to invest in real estate together AFTER we get married. We are currently both independently working on saving the 20% needed for a down payment. We desire to invest in the Rancho Cucamonga/ Upland area( southern California Inland Empire). We originally were looking to invest duplex/Triplex, but after doing research using the MLS it appears that there are VERY few duplexes/triplexes available in this market. As a result we are now considering purchasing townhouses in the Rancho Cucamonga area instead. Rent for a 3 bedroom 2 bath townhouse is about $2450 per month (HOA fees range from 300-low 400 per month depending on the complex). Rent for a duplex 1/1 and 2/1 is about 1100 and 1300 ( combined rent $2400) . Additionally, there are many newer townhouse developments in the city of Rancho .
Taking this market into consideration would you invest in townhouses,multi family units (duplexes/triplexes),or other?
We appreciate any advice you can give :)
Jennifer and Michael