Hi Everyone, I'm very new to all of this and need a little bit of advice.I am currently working with a real estate agent that I know personally, I will be her first multi family purchase shes new to real estate but has a mentor at her company that has been doing it for decades and provides a lot of assistance though she isn't available very often so we are sometimes on our own and learning as we go.I have been renting the same place for the past 10 years and the owner is selling so now I have to find another place to live, instead of renting for over 1k/month I decided to purchase a multi family, at first I was looking for duplexes but then came across a 3 unit the asking price is 180k, it is two 3 bedrooms and one 2 bedroom, it has a 2 car attached garage, washer & dryer hookups in each unit, newer heating systems tenants pay all their own utilities except sewer and water which is roughly 2k per year the house also has 3 seperate large storage areas above the garage, and it also has a decent sized back yard. 2 tenants have been there for over a decade in the 3 bedroom units and 1 tenant has been in the 2 bedroom for about 6 months.

I figured if I’m going to invest in a duplex/triplex, why not a Fourplex?

I didn't know anything about rehabs but taught myself to lay floors, tile a bathtub, paint cabinets, paint walls, basic plumbing, you name it.

Now I'm about to start rehabbing another duplex with her acting more as a Project Manager and overseeing the Contractor since I cannot be there to make sure the work is being done in a quality manner and on time.

I have a duplex in South east Minneapolis that I bought for 179k in 2014, which I'm very familiar with the neighborhood and have been quite successful with tenants and cash flow/appreciation.  

For instance, for the stock market you might use Forbes, or the Wall Street Journal. 

I have a duplex that has long term tenants in the upper unit and the lower unit has been short term rental (Airbnb).

We have narrowed it down to a duplex in very bad shape, but have a contractor bid to rehab and add a studio in the attic.We have used the BRRRR and have great pos cash flow, even in initial rental.

You will also find Duplexes, Triplexes, and Quads - something which is unheard of in Northern, VA area. 

Hello all, Closing on a multifamily(2 family duplex) at the end of this month and I have been getting some pretty high quotes on homeowner's insurance.