For my money and experience, buy single family.
Best of luckba
I like duplexes. I think they are a great first time purchase to get into the market with someone else helping on the mortgage.
That being said - the new construction is being killed right now. It's been a few years since the peak and if you aren't positioned well - with rents covering the mortgage - you could be at risk.
Remember, duplexes are INCOME PROPERTY and investments have to be structured right to make sense.
So many "investors" were really "speculators" hoping that the values would continue up and they could make a quick buck. Now the rubber is hitting the road.
Which makes it a great time to buy :-)
So, bottom line is, what's your goal?
Are you wanting to live in the duplex and rent the other side? That makes a great first time plan.
Are you buying income property - 'cause if you are trying to do that in the M streets you gotta have a big down payment to make a SFR cash flow here.
Good luck and feel free to shoot me your ideas - I'd be happy to give you my two cents about the feasibility of your plans.
Rebekah Owen, MBA
Skype Me at:Rebekah_O
It depends on lifestyle. Entire area of Mstreets everyone wants to reside there HOWEVER limited homes if so many may have issues based on age of property and home ownership for care.
Who can't love M streets area, I still have friends living in area, I use to off lower Greenville.
Duplexes are quality much of demographics of area are young professionals who are either medical or attorney's who need quick access to reach Medical District or Downtown . Many of residence may not be married, if so have young children not in elementary school yet.
Many empty nesters are selling their large homes downsizing not take expense of maintaince for large yards, with landscapers, pools and etc. provide great solutions.
Families who have reside in home not want a high rise living these properties are great solutions.
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