Owner Occupied Duplex

2 Replies

Investment Info:

Small multi-family (2-4 units) buy & hold investment in West Allis.

Purchase price: $140,000
Cash invested: $45,000

I currently live in one of the units in this duplex. My mortgage is $975/mo and the tenant in the other unit is paying $700. There is room to improve rent with minor updates to the unit. The tenant came with the property and so far has been good for the most part. There's been a few minor things, but overall, hasn't been to bad.

Thanks! It's a lot better than my previous place. I owned a condo and the mortgage with HOA dues on top of that came out to about $1,300/month. Then, you add food and utilities, etc. I was spending a fortune! Having this duplex for the past 8 months has allowed me to save up enough money to quit my full time sales job and dive into real estate head first.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you