All Forum Posts by: Donald Krenzien

Thanks for the ideas everyone. I’m going to look into dipping into the equity of the home.

Unfortunately the wife will not got for the duplex idea. But we’ll be up and running with putting away a good chunk for a duplex soon

Hello, first time posting. My wife and I are looking to buy a new home for ourselves. We want to acquire rental properties and are faced with 2 options listed below. 

1st: keep out current single family (2 br/1 bath) approximately 85k/14 year left on the loan and an estimated value of approximately 165k. The current market rental comps are $1200-$1500/mo. 

2nd:  we would conduct a 1031 exchange to acquire a primary residence for us and also acquire a duplex as our first rental property.