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First-Time Buyer Looking for Advice on Purchasing a Duplex (Financing, Cap Rate, and Tips)

I’m planning to buy my first property and I’m considering a multifamily home, specifically a duplex. I’m new to this and could really use some help. Here’s what I’m trying to figure out:

1. Best Financing Options: What’s the best way to finance a duplex as a first-time buyer? Is an FHA loan a good option or are there better ones? 2. Cap Rate: What kind of cap rate should I be looking for to make sure it’s a good investment? 3. General Advice: Any tips or things to watch out for when buying a duplex? I want to be prepared and avoid mistakes.

Thanks for any advice!

submitted by /u/Psychological-Age833
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source https://www.reddit.com/r/RealEstate/comments/1fy1md2/firsttime_buyer_looking_for_advice_on_purchasing/
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