The Advantages and Disadvantages of Buying Investment Properties
One of the best things about real estate investing is that it offers a variety of options for potential owners. The options can range from single apartments to full residential buildings, from single family homes to multi family properties, and each investment can bring success in its own right to the real estate investor. The trick to making any type of real estate investment work is to understand all the aspects of the property and the profits it can generate. One type of investment that has divided opinion among real estate investors is a duplex house purchase.
A duplex property is basically a residential building that hosts two households, each with their own separate entrance. That feature of buying a 2-in-1 investment property makes the prices of a duplex house higher than normal apartments due to their bigger size and unique features. However, it is cheaper than buying separate houses because of the common wall and others.
The ideal real estate investor in a duplex property is usually a person who wants to invest in a property that gives him/her a place to live while also making money from renting the other part of the duplex. On paper it is a very smart investment move, which begs the question “Why are duplex house purchases not a common trend?” Well, the thing about duplex house investments is that they are very hard to find. The availability of that type of property is usually limited, and in addition most duplex houses are not worth their price. To find one that will generate rental income and pay off your mortgages, it has to be a really great duplex house.
Owning a Duplex Investment House has its advantages and disadvantages- find out more...