Buying My Neighbors’ House

[Dustin Boyd]

I have an opportunity to buy my neighbors' house off market to upgrade and rent out mine. The numbers workout due to being in my house for 16 years. Is it weird to live next to my rental? I know Brandon has said on the podcast he liked duplex living/renting so it's almost like that. Any downsides to take into account?

Appreciate the insights.

[Priyanka Verma]

It’s not strange at all to live right next to your own rental. I’ve helped a few clients do the same thing. It’s almost like having a duplex but with more privacy. The big benefit is you’re close enough to keep an eye on things and handle problems fast if needed. The only thing to watch for is that tenants might treat you like on-call maintenance if you don’t set clear boundaries. Make sure you handle it just like any other rental and have a solid lease, clear rules, and treat it like a business. If you’re comfortable with that and the deal looks good, I’d say it’s a smart move.