All Forum Posts by: Adam Parker

Hey Adam! Welcome to BP. Great questions. If I were you I would get something more turn key. No real rehab. Maybe something that needs some carpet and paint. More rehabs will come out of nowhere but start with something easier. I would buy one and then in five years when I pay a large portion off I would flip it and buy 2 with the equity. And keep going from there. You could also use money from your job plus income to pay off the first duplex and then in 5-8 years buy your second. After 15 years you will have 4-5 paid off and income for an early retirement. My first property I bought was rent ready and there was still plenty to do even though I was not doing any "forced appreciation". It wasn't till my third that I personally was ready to take on more than that.

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Hi there and thanks for checking out this post!

I'm at the point in life where I'm looking to buy my first investment property and I'm looking for advice on Step 5 (Decide What Niche/Strategy is Going to Get You There) of Bigger Pocket's "Step By Step Guide to Buying Your First Real Estate Investment" post.

Here are some details about me:

- Not looking to invest as a career, my goal is to have 3 or 4 properties that are fully paid off by the time I retire that are producing a nominal cash flow in the short term.
- I'm in my mid-30s and single with a bit of discretionary income that I'd like to funnel into real estate investing, so I can handle a bit of a rehab project (not looking for a full-fledged flip).
- Currently debt-free.
- Looking to buy in the next 12-18 months.

I'm currently leaning towards the duplex route, not as a house hack, but to rent out both sides to it.

But definitely open to suggestions! What would your approach be if you were in my shoes?!

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All Forum Posts by: Adam Parker

Adam Parker has started 1 posts and replied 2 times.

Post: What would YOU do if you were me?

Post: What would YOU do if you were me?