We have also
bought duplexes in Indianapolis.
It started in 2003 when
he bought a duplex.
For government - backed loans, however, there is no surcharge if
you buy a duplex, triplex or four - plex.
These additional strategies can help
you buy a duplex or other multi-unit property if money is tight:
MM: In one sense, my entire life's experiences led to Build UP — my train - conductor dad who invested in real estate in his spare time; high school boredom that led to two years of tech school to work on my ’83 Camaro;
buying a duplex as my first house that eventually led me into real - estate investment on the side.
If you're yet to purchase your first home and like this idea you could even
buy a duplex and live in one apartment and rent the next.
But what if
you buy a duplex or fourplex and live in one unit while renting out the others?
You can also «trade up» — selling your property, paying zero in taxes with a 1031 exchange and
buying a duplex, four - plex, or apartment building.
From your parents» perspective, encouraging you to
buy a duplex may be the equivalent of asking you to cut back on spending.
If we had not been frugal and saved money, we would not have had the down payment to
buy the duplex, therefore we would not have been able to buy.
Buying a duplex makes this worse.
Buying a duplex, triplex, or quad isn't really overly complicated on the mortgage side.
Sold it and
bought our duplex 5 years ago at 3.5 down.
Our Best Ever guest first
bought a duplex as a buy and hold investment, and now wholesales value add deals.
The good news is you can absolutely look to
buy a duplex, a triplex or a four - plex using your VA home loan benefits.
Generally, the thought is something like this: You're going to
buy a duplex, either inherit tenants or quickly land some and then have them pay most or all of your mortgage every month.
Before marrying in 2010, both Seth and Rachel
each bought a duplex.
You can also
buy a duplex, triplex, or even a 4 - unit property, as long as you live in one of the units.
VA loans are for primary residences, although you can use this benefit to
buy a duplex or another multiunit property, provided you live in one of the units.
I don't think the bank would lend me enough money to
buy a duplex or a home big enough to rent out a portion of it.
Many investors begin their residential real estate investing by
buying a duplex and living in one of the units (perhaps on the main floor) and renting out the basement.
We bought a duplex for 575,000 which we get 3500 / month for between both units.
Can
you buy a duplex, triplex, or 4 - plex to live in and rent out the other units, gaining experience in landlording?
You can
buy a duplex, triplex, or four - plex by making a down payment of 25 % or more.
Hi I read what you replied and Im very interested Im actually looking for a loan of 35000 to
buy a duplex with tenats that is producing 1,100 in rent right now please email with more information on how your program works thanks.
We just
bought a duplex and also have another rental house.
If you want to
buy duplexes in Barrie know that market like the back of your hand.
I've been
buying duplexes fixing them up and renting them, cash flow is great.
I bought a duplex in a popular downtown area for 94,000, it cash flowed about 22 % cash on cash.
For example, a couple of months ago
I bought a duplex for $ 32,500.
Here goes, this gentlemen told
me he bought this duplex and he owns it free and clear but wants to wholesale it and the asking price is 89k.
Put 18,000 in the bank and later used it to
buy a duplex.
When
I bought my duplex, I had a roof that was likely 15 years old, and from my perspective still had some useful life left.
We have one triplex in Bradford and (because of inflated local prices)
bought a duplex in Barrie.
Then look at which neighborhoods this amount will
buy you a duplex in.
Good debt is
buying a duplex rental property with a mortgage bond after putting down a deposit of 15 — 25 %.
I started
buying duplexes, fixing, and renting them.
However, these homes are not in a desirable market where buyers may not want to invest in but they are affordable whereas
buying a duplex or another multi family home in Jacksonville in a better desirable location would cost above $ 200K.
My lease is up in October which is when I'd like to
buy a duplex via FHA and live in one side.
I guess my head is in other States where it seems one can
buy a duplex, Tri, or Quad for maybe the $ 100K to $ 175K level.
Although I was still working full - time as a CPA, I went from
buying the duplex in 2008 to trying to acquire a 130 + unit deal in 2009.
A few years later
he bought a duplex and I just acted as an advisor.
Just
buying a duplex or two in DHS right now.
I am up for orders soon.I really want to sell that condo, pocket $ 100k and
buy a duplex or triplex, but what will I do if I get stationed back in San Diego?
@Keith Nelson, I've done something similar to you,
I bought a duplex and spend a bunch of money on renovating it.
But if you absolutely are determined to get into real estate investment, sell your house and
buy a duplex in cash.
Those were the numbers when
I bought this duplex many years ago.
After a couple of years,
you buy another duplex, move into it (primary residence) and rent out the vacant side you just moved out of.
I bought a duplex in Cleveland for $ 27k and put in $ 7k in fix up.
I'm a Cleveland - based investor who likes to
buy duplexes and single family homes for cash flow (12 - 15 % COC target).