I'd prefer to take the house hacking approach with a duplex, but another route I'm considering is buying a house with built in equity that needs some fixing up and can force appreciation.

I own a condo in NYC and I am about to undertake a kitchen renovation project.

What are your plans for the duplex?

Duplex/Luxury Town Home properties 3 and 4 are Quadplex and Triplex used as vacation Rentals Primary Home has a equity lineDuplex/Luxury Town home has equity lineQuadplex and Triplex no lines of credit but have combined equity of $700,000 recent appraisals done on both properties Bank said unable for lines of credit on investment propertiesDebt to income is high because all properties are residential Excellent Rental incomeExcellent Credit.Excellent High paying job1.5 million in retirement accounts 401k can not touch or move to a self directed IRA because only 58 years oldHave found a commercial property a 5 plex for about $600,000Trying to figure how to get funding to buy this new projectLooking for suggestions.ThanksPete

My past agent has brought me several duplexes and she is also the listing agent.

Look forward to learning more and to contribute to this awesome community.Thanks,RomelHi Romel, pleased to meet you.Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, “Subject To”, apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.

Personally we have some free and clear properties and some 30% down and recently we bought 3 duplexes with 70% down because we had a 1031 to do. 

I have no clue where to start.My goal is to begin with at least a duplex, move into one unit and rent the other.

I’ve been coming across some condos in tourist type areas that you can purchase as a condo but can be put on a rental program to be rented out when it’s not being used by the owner.

What is unique about this situation, at least for me, is that the duplex is owner occupied which qualifies the current owner for the exemption.