If you’re new to real estate investing, start with a duplex or a townhouse. And you might ask, “Which is a better investment?”
The answer, it depends! It depends on you and your chosen investment strategy.
Generally, most duplexes are located in the city or in first-ring suburbs, whereas townhomes are often found throughout the suburbs.
With a duplex, you may be able to make more money because there’s usually no home owners’ association, which is an added expense for townhomes.
Are you investing for the long run?
With the demographic growth of seniors and singles, a townhouse may be a better investment for the long hold. Seniors and singles love townhomes!
What to buy and where depends on your strategy as a real estate investor. It’s not always easy to figure out what that means for you, but I can help!