All Forum Posts by: Chanté Owens

Agreed w/@Russell Brazil. I have several friends who are realtors in Arizona and California, and they've had investor clients who were all cash buyers and bought into the "Cash is King" philosophy and offered extremely low-ball offers, and were beat by individuals with minimal cash down and loans, but offering more money than the "all cash" buyer was offering.

If it's meant to be, it will be and good luck!

 That would make sense. 

@Alexander Felice That's my thought too, because you are connected to another unit, and if they don't have the money and/or desire to maintain their unit, it also drags you down. Well, from just these few responses, it doesn't sound like something I'd want to be a part of in my future RE investing world!

@Andy Webb Thanks for your response, and that was part of my curiosity around buying half a duplex, since you wouldn't have control over it's entirety and it's connected to another property. However, as I write that, I guess it's the same as purchasing a condo or a townhome too, since they are connected to someone else too, but with a condo (generally) I believe the HOA would take care of roofs, and such.

Hi BP Contributors!

I had a question about something I've seen posted a few times about people purchasing 1/2 of a Duplex. Is that common? I thought in general, that when purchasing a Duplex it was for both sides, but since I've seen comments contrary to that, I'm wondering if it may be area/region specific, or if you could purchase 1/2 a Duplex anywhere?

My apologies for such a strange question, but I've been curious about this for awhile.

Thanks in advance for any responses!

@Jacqueline Pelzer He was "bumping" your thread so that it would be reposted at the top so others would be able to see it, and possibly comment on it for you. Oftentimes, people will look through threads, but if it's pushed beyond a page or two, they may not take the time to look at pages past page #2. If someone "bumps" a thread, they are doing it so it stays "top of mind" and on the first page.

Good luck with your deal!

@Will Barnard *Clapping my hands* THANK GOODNESS! Sigh...definitely cause for celebration. Will, you have the patience of a saint. Looks like 2016 is your year - now, to your next incredible multi-million dollar flip.

@Ryan Dossey Congrats! I look forward to seeing how this turns out for you! Kudos to you @Jay Hinrichs!

@Douglas Skipworth Thank goodness you and your family are safe! That's DEFINITELY the most important thing. I also appreciate you posting this, because EVERYONE is of the mindset of "this could never happen to me." So, I'm glad that you shared this with the community so people can see this can happen to anyone. It's unfortunate, but this type of thing happens a lot.

Take care, and again, glad you and your family are safe.

I want to do this @Scott Trench, so I'll be curious to see the responses. When I was growing up, there were a few business people that were friends of our family. They had leased space for many years to do business, and then when the landlord wanted to sell, they bought the buildings and rented out some of the space that they didn't use.

It's pretty smart, if you can afford to do it; especially if you can luck up and get a property in a decent area. Obviously the prime real estate locations would likely be too pricey, but if you can get something in an ok area where you could get decent tenants with longevity, then, in my opinion, I think it's a good idea.