Updated about 12 years ago on . Most recent reply
Buying a Duplex as first property
How do rules such as the 50% rule and others change when one is trying to become owner occupant of a duplex unit? Also how much ROI should one expect if they are only covering one part of mortgage and the tenant the other?
Most Popular Reply
Of course, in the short run you also have to look at how the investment will effect your bottom line in terms of your housing costs. This can make a huge difference when you're starting out. Saving several hundred a month on your housing can get you into your next investment property all the sooner. Or help you get your debts paid off - - or whatever. The numbers are very important, but when it's also your home there are many other things that are valid considerations too.
I also started w/ a duplex. Saved me tons of money on rent/mtg payments, and I sold it for a big profit 12 yrs later :)