Welcome to your Local Mortgage Report. My name is Lauren Hatmaker.
Today, we are going to talk about buying a duplex and living on one side.
This is a common strategy for real estate investors and can be a smart financial move.
By renting out one side of the duplex, you can offset your mortgage payments and generate additional income OR pay your mortgage balance faster.
One of my first-time buyers decided to buy a duplex for their first house.
They found one for $550,000 and put less than $20,000 down.
They rented out one side for $2500 and lived on the other side for $1500. That left them extra money to build their maintenance fund.
If you want to start building your real estate empire, call us today – We make it easy!