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Updated over 2 years ago,
First Time Rental Investor Question
Hello All!
I have owned my primary residence for 3 years now and it has appreciated close to $100,000 since I bought it. I am interested in purchasing my first duplex to start my real estate investment journey, however I feel as though I have a very specific situation and need guidance from those who are more experienced than I. I recently put in my 2 weeks notice at a job that was absolutely horrible for my mental health, so after 2 weeks, I will no longer have a consistent income.
Maybe it's naive, but this has lit a fire under me and I see this situation as the START of my "success story". What recommendations would you give me, as to the smartest way to go about purchasing this duplex I am interested in. It's on market right outside of Austin for $445,000. Please let me know if I'm absolutely crazy or point me to a recommended outlet for advice.
Thank you for reading!