First time investment property
December 25, 2011 12:33 PM Subscribe
What do I need to know about building new multifamily homes and renting them out? Where can I learn about it?
posted by abdulf to Work & Money (6 answers total) 1 user marked this as a favorite
I live in Houston, Texas and would like my first house I buy to be one that has units available for rental. I've seen duplex properties that are great except I wouldn't want to live there because they are old and the neighborhood isn't safe. I want to live in the building because there are tax benefits and loan benefits.
Have you built a row of townhomes or a duplex? I imagine it's more difficult than moving into and renting out existing units. Can it be done for under $500,000?