Duplex & Multi-Family Blog - April, 2023

Why Buying A Duplex Is Very Similar To Buying A Single-Family Home

Posted by Duplexes.com Admin on April 28th, 2023

Many investors view buying a duplex as a big step in their investment strategy. You are moving from single-family properties to having multiple tenants. While there are definite differences between these types of properties, they also have similarities.

However, if you compare a duplex to two single-family homes, managing the duplex is simpler. The most obvious difference is that you will have two units on the property instead of one. That can mean two rent checks but also two tenants to manage.

What are some of the ways duplexes are similar to single-family homes? Read on to find out!

Similarities Between Buying a Duplex and a Single-Family Home

Purchase Price

The average duplex will cost more than the average single-family home.…

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The Financial Requirements of Investing in Duplexes

Posted by Duplexes.com Admin on April 19th, 2023

 

There are many advantages to investing in duplexes. You can have double the rent on one property when comparing it to investing in single-family homes. It is also simpler and more affordable than investing in large multi-unit properties. One point to consider is the financial requirements of duplex investing. Lenders will be stricter and apply different standards. It isn’t necessarily the same as financing a single-family home as your primary residence.

Learn the Financial Requirements

Down Payment

You’ll need a down payment to finance the purchase of your duplex. If the duplex is an investment property, you will likely need a larger down payment than you would for a primary residence. However if you're going to live in the property as an…

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