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Updated about 11 years ago, 12/13/2013
First rental property - duplex vs. SFH ??
I am looking into buying my first rental property. I've been in contact with a few different people who have companies that provide turnkey properties to investors. This intrigues me as a way to find a stable, positive cash flowing property to get me started.
As I was looking at properties and crunching numbers, a duplex seemed like not only the most monthly cash flow, but also the highest COC return. But I was wondering if anyone had an opinion on whether a duplex or SFH would be best for a first rental purchase? My concern is simply that renters for a duplex wouldn't be of as high of a quality/less reliable than tenants in a SFH. Also, I'm thinking with a duplex the utilities would have to be factored in as a cost that I would have to cover.
Just wanted to see if anyone had opinions on whether one property type was better than the other for a beginner investor just trying to get his feet wet? Thanks!