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Minnesota Real Estate Q&A Discussion Forum
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Updated almost 8 years ago on . Most recent reply

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Tarunveer W.
  • Rental Property Investor
  • Minneapolis, MN
0
Votes |
9
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Townhome over Duplex as a Investment Prpoerty?

Tarunveer W.
  • Rental Property Investor
  • Minneapolis, MN
Posted

Hey Everyone, 

Pretty new to real estate field and been searching for a duplex as an investment property for a year almost, had two deals getting cancelled at later stages. So just shifting my interest towards Townhomes specially near the Plymouth or Blaine area and rent them out. 

Need opinions or suggestions. I have no issue with HOA , but I need all the valuable suggestions as to where to start , what to keep in mind. Is it a good time to invest in them etc.

Most Popular Reply

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358
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245
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Ron Flatt
  • Investor
  • Hillsboro, TX
245
Votes |
358
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Ron Flatt
  • Investor
  • Hillsboro, TX
Replied

A deal is a deal, in my opinion.   I would prefer a duplex generally, but if a Townhome works best for you and the numbers work go for it.  

I have not had to deal with HOAs and I tend to avoid them.  

The Key is to keep making offers that work with your numbers.  Just because two deals fell through does not mean the next one will.  

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