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Has anybody ever bought an occupied duplex for investment purposes without disturbing the existing tenants?
According to the IRS, if you live in one unit of a duplex and rent out the other, you can deduct the rental income from your taxable income, reducing your tax liability.
Duplexes can appreciate in value faster than single-family homes, making them a potentially lucrative investment opportunity.
The Federal Housing Administration (FHA) offers lower down payment options for owner-occupied duplexes, as low as 3.5% of the purchase price.
When buying an occupied duplex, you can use the existing rental income to qualify for a mortgage, making it easier to secure financing.
According to Zillow, the average return on investment for a rental property is around 8-10% per year, making duplexes a competitive investment option.
Owning a duplex can provide a sense of security, as you can live in one unit and rent out the other, providing a steady stream of income.
Duplexes can be more affordable than buying two single-family homes, as the maintenance and property taxes are split between the two units.
According to Realtor.com, the median sales price of a duplex in the United States is around $230,000, making them a relatively affordable investment option.
Living in one unit of a duplex can help reduce your own housing costs, as you can offset your mortgage payments with rental income.
When buying an occupied duplex, you can use the existing tenants' rent payments to help qualify for a mortgage, making it easier to secure financing.
According to the National Association of Realtors, the majority of duplex owners choose to live in one unit and rent out the other, making it a popular investment strategy.
Duplexes can provide a sense of community, as you're living among your tenants, fostering a sense of neighborhood cohesion.
According to Realtor.com, the average annual appreciation rate for duplexes is around 3-5%, making them a solid long-term investment option.
When buying an occupied duplex, you can negotiate with the seller to include the existing tenants' lease agreements, providing a steady stream of income from day one.
Owning a duplex can provide a sense of control, as you can make decisions about the property and tenants, unlike with a traditional rental property.
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