How to Buy a Duplex Now
Why would you buy a duplex now, with all that is going on in the real estate market? Actually, this may be the best time to buy a duplex. See if the ideas listed here convince you a duplex is the way to go.
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Instructions
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Before attempting to buy a duplex, get financing in place. Talk to a lender in your area about your plan to buy a duplex at a great price. If a lender does not see the benefit of having rental income, speak to another lender. Realize often when you buy a duplex, a renter is already in place!
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Look on the internet for a duplex for sale. You may also want to search multi-family homes. Try realtor.com, buyowner.com, and similar sites. Once you see a few you are interested in, you are ready to begin your hunt for the duplex you will buy.
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To buy your duplex quickly, use the experience of a real estate agent. An agent may know of properties soon to be on the market. Explain the list you created from online sites, and let the agent show you a few properties.
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When you buy a duplex, you may be doing it for the benefit of yourself and another family member. If you find one that is empty, the transition will be
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Whether you buy a single family home, or get to buy the duplex your were looking for, remember this is a buyer's market. Do not pay market value.
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Tips & Warnings
Never, ever buy anything without having your own inspection done.
Never buy a duplex in a neighborhood where you don't want to live.
Resources
- Photo Credit All photos property of Pat Anthony
