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Updated almost 5 years ago on . Most recent reply
Getting my feet wet in Northwest Arkansas
Hey there!
Looking for some advice. I currently own two duplexes and am actively looking to purchase my next one. I have saved up enough to put 20% down.
Unfortunately, I am now finding it difficult to find one that has the return that I want.
My question is:
To build my portfolio - Should I purchase a single family home that has an ‘okay’ return, or just play the waiting game and continue to save until a multi-family home that meets my numbers comes available?
Most Popular Reply
It has been hard for a lot of people to find deals that make sense. The two questions I would ask is. 1. is there a deal out there that I can make it work (such as: can I take a 1300sqft 2/1 duplex and make it into a 3/1). 2. Can I spend a little bit of money or time to be able to find an off market deal that has the return that I want.