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Updated almost 5 years ago,
Purchasing 4plex vs Duplex in Anchorage AK
I am a first time real estate investor in Anchorage AK. I was wondering about purchasing a 4 plex vs. duplex property for a first purchase with a FHA loan and owner occupied. Good 4plex's (good condition, location & competitive rents) in Anchorage are usually 450k & up. Duplexes range from 350k - 450k for the same criteria. I know it comes down to how the numbers look but given the current situation (low interest rates, uncertainty in the economy with regards to recession) I am torn up between purchasing a 500k & up 4plex vs. a 350-400k duplex. Additionally Alaska's economy is heavily dependent on oil prices and oil prices are currently in the gutter. All in and all there is too much uncertainty.
Any insight or comments/questions would be appreciated. Thank you.