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Updated over 10 years ago,
Purchasing a Duplex for Investment
Here's my situation:
I'm 32, I own my own home, which is a 3 bedroom townhouse that I purchased so that I could eventually rent it out or sell for a profit. So far I've got about 30k equity in the house.
I'm looking to start investing in real estate. I'm thinking about purchasing a multi-unit or duplex that I can rent out for cash flow. Would you consider this a wise first-time investment (other than my primary residence?) I would probably stay in my current home and purchase this multifamily solely as an investment.