The Duplex Mindset
Posted by Duplexes.com Admin on
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Before we dive into numbers, cap rates, GRM's etc it's important to make sure you are in the correct Duplex Mindset. What does that mean? Read on.
Most people buy a duplex for one reason: To make money. Full Stop - end of story. It might be in the form cashflow, or tax advantages, or renting one half out to offset your mortgage, or capital appreciation (or hopefully all of the above) but it's about making money. You are not buying a home - you are purchasing a small business. The duplex mindset is about seeing your investment in a multifamily property the same way you would see an investment in any other business, and your main goals are to increase revenue and reduce expenses.
Turn off HGTV.
Every dollar you put into your duplex…
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