All Forum Posts by: Thomas Taylor III

Thank you Jackson, I appreciate the advice.

Thank you Cherie,

Great advice! I’ll let you know how the search goes.

The best no money down deals are in Detroit! 

 Hello All,

 My friend and his wife just got married, and are looking for their first home.  They would like to buy a duplex, but we have ran into some issues as I have helped them look in the Salt Lake City area.  Duplexes are incredibly expensive here, hard to find, and the ones that are available receive nearly a dozen offers $10,000+ over asking price within the first few days.

 What are your thoughts on buying a single-family residence with a mother-in-law entrance, and renting out the basement?

Great thread!

 Buying a duplex is usually the ideal set up for a beginner investor. The problem is Utah wants a premium, I have seen duplexes run anywhere from $350,000-$600,000! The better option in Utah is to fork out an extra $20,000, and buy a single-family home with a separate basement entrance. You’re looking at $250,000-$400,000.  Double check your city renting laws, or it could get tricky for you!