Two Family for a first investment

[Jason Calouro]

I am interested in investing in a multifamily in the Norwich area. I am wondering if its a mistake to A: select a town with such high taxes, and B: selecting a duplex instead of saving a bit more and purchasing a three family. Any advice would be appreciated as this would be my first attempt

[Kyle Campbell]

@Jason Calouro I think the answer to both parts of your question is “it depends”. If the numbers work, pull the trigger. Taxes are just an expense like any other. If the condition, and rents cover expenses with an acceptable return on your investment, it doesn’t really matter if the taxes are 2500 or 6500. Same with unit count. A 3 unit of 1 bed apartment will gross the same as a duplex with 3 or 4 bed units. I wouldn’t get hung up on the tax amount or the unit count as an end all be all for your search criteria. Every property is different. Welcome to the wild world of norwich real estate investing. Screen ‘em well and you’ll do fine.