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Updated about 8 years ago on . Most recent reply

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5
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1
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Tyler M.
  • Rome, NY
1
Votes |
5
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First house.....a duplex?

Tyler M.
  • Rome, NY
Posted

My wife and I are looking at getting our first home together. We plan to live in the home until we can save up to build a modular home. We would most likely rent our first home out after we moved. We were originally thinking of doing a single family but have pondered the idea of getting a duplex and doing a live in rental with a FHA loan. It would be a big learning curve due to being our first home and being landlords simutaneously.

Does anyone have any insight on the matter. 

I foudn the tenant screening guide I want to take a look at. 

Most Popular Reply

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1,145
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Kyle Mccaw
  • Property Manager
  • Keller, TX
947
Votes |
1,145
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Kyle Mccaw
  • Property Manager
  • Keller, TX
Replied

My first property was a duplex purchased with a FHA loan. I lived in one side rented out the other. Then I lease out one of my bedrooms. The rent from my tenants covered my entire PITI. There is no question as to whether or not it is a good idea. The only question is, can you find a duplex that meets all your non-financial criteria (location, condition etc).

  • Kyle Mccaw
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McCaw Property Management
4.4 stars
609 Reviews

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