Beginning my Multi-Family Search!

[Sean Sloop]

Hello Community!

Good news! I am preparing myself to begin house hunting for my very first investment property. Now being new to all of this, comes with lots of uncertainty and BP has certainly helped clear some of that. My plan is to search for a duplex for owner occupancy. I am in the Twin Cities and looking for a property to fulfill the 1% rule when fully rented. 

I am asking the community to share some do's and dont's for a beginner looking for a duplex. What have you found to be important when looking? Did you make any mistakes or wish you did something different?

Anyway, looking forward to hearing about other's experiences, if you would like to connect or network feel free to send me a message. 

All the best, 

Sean Sloop

[Ashley Wolfe]

I've yet to buy my first deal but have been actively learning, searching, and making offers on SFH since November. Some books that help with mindset are Secrets of the Millionaire Mind by T. Harv Ecker, The E Myth by Michael Gerber, and Think and Grow Rich by Napoleon Hill.

Also, like @Paul Timmins mentioned above, meet people who already do this.  Not many realtors know about MF but some do.  Start calling the numbers on the signs in the yards of MF units for sale or rent and ask them about the property.  Very quickly, you'll know if they're willing to talk to you or if they're just trying to make a sale.  I've even had one realtor tell me that he'd love to talk to me about investing till the cows come home.  Ask these realtors how many of their clients are investors.  That will also tell you more about how much they know about this side of RE.  Good luck!