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Updated over 5 years ago,
Building vs buying duplex in north Florida
I was considering making a duplex my first house purchase. Due to a family issue with my parents and sick sister I may want to go the route of having a duplex built rather than finding one already existing. I need vacancy on both units for the easiest move in. My parents and sister in 1 unit. My brother and I on the other unit. Eventually my parents or brother could move out and find another place. But i want to keep the duplex as a first time investment in what will be a portfolio of rental properties. I'm concerned about getting the numbers correct and not overspending on this first house so that i will be able to move out to my next property and keep the first one as an investment.
Does anyone has any experience with building instead of buying a duplex that they would like to share? Was it worth the effort / profitability?