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Updated almost 2 years ago on . Most recent reply
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Hi!! I’m a New Investor!! SFH vs Duplex. Advice please
Hello investors,
I’m a new investor and joined BP Pro membership today. Wanted to say Hi to everyone.
I wanted to invest in Converse/ Seguin / New Braunfels area. I have couple of questions regarding this -
1. Is my choice of locations good ? Because I consistently see a lot of houses vacant for rent here.
2. As I’m very new to investing here, is it wise to purchase a Single family home around $250K as my first investment property or buying ~450K duplex ?
I already own a house and cannot do house hacking.
many thanks in advance.
Regards,
Naga
Most Popular Reply
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Quote from @Nagarjuna Kalavagunta:
Hello investors,
I’m a new investor and joined BP Pro membership today. Wanted to say Hi to everyone.
I wanted to invest in Converse/ Seguin / New Braunfels area. I have couple of questions regarding this -
1. Is my choice of locations good ? Because I consistently see a lot of houses vacant for rent here.
2. As I’m very new to investing here, is it wise to purchase a Single family home around $250K as my first investment property or buying ~450K duplex ?
I already own a house and cannot do house hacking.
many thanks in advance.
Regards,
Naga
Good morning Naga,
I recently moved to New Braunfels, TX, and dipped my toe into REI in San Antonio last year. Like you, I also felt like I had enough sense to make something happen, but due to the volatility in the market, I wanted a trustworthy agent to help me navigate the process. Long story short, I came into BiggerPockets and found Loren Polito, who specializes in multi-family. He took the time to explain all the details I was missing, never pressured me into anything, and shared his personal investment strategies and contacts. He also brought me off-market deals. I ended up purchasing a property in SA, and I am currently seeking a second. As you can see, I am not actively posting here, but I felt compelled to share his contact information with you in case you need someone you can trust in your corner. Link up with Loren here: https://www.biggerpockets.com/...
Best of luck brother