New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
New guy! Central Florida
Hello all,
I'm a 26 year old male. My wife and I are both RNs and we bring in about 115k yearly. Currently we are renting for $1100 plus electric and water, aprox $200. I was looking to buy a home in the summer when I should have around $30000 as a down payment. I have become interested in a duplex as a first home. Living in one unit and renting the other while paying down the mortgage as quickly as possible. Then I'd like to buy more of them as funds become available. Does this sound like a good idea? I'd like to move towards financial freedom someday in the future but don't want high risk levels.
Thanks,
Michael