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Updated over 4 years ago on . Most recent reply

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2
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Nancy Reynoza
  • Realtor
  • Sioux Falls, SD
0
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2
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Need advise on my next purchase

Nancy Reynoza
  • Realtor
  • Sioux Falls, SD
Posted

Hi. I am new to BiggerPockets and I am looking to purchase more income property. I currently have a Triplex and a single-family home in my rental portfolio. I am thinking of purchasing a new home for my family and renting out my current home and add it to my rental portfolio. But, I also keep thinking if I should just wait and scale a bit more before I buy a home for my family. Should I purchase something like a triplex or Sixplex instead of using the downpayment on a new home for my family? It would bring more income in the long run but making the decision is harder than I thought. 

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