One of the most popular questions in the real estate community is “how do I get started?” Every day there is a new investor out there looking to enter the wonderful world of real estate but doesn’t quite know how to do it. If you are fresh out of college or looking for your first investment, a duplex is the answer.
A duplex is simply a property with two total units. The idea of owning more than one unit may sound intimidating on the surface but is actually much easier than you may think. Additionally, with current FHA loan guidelines getting approved for a duplex loan may not be as big of a hurdle as anticipated. A duplex purchase can help get your foot in the door and give you a tangible asset to help stay there. Here are five reasons to consider getting started with a duplex.
Buying a duplex is an ideal first investment on many levels. If you have been thinking about the best way to get involved in real estate, this may be it.
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