Duplex Investment - Pros and Cons to Duplex Investments

http://www.REIClub.com - Duplex Investments May Be Better Than Single Family Homes. Here's What Real Estate Investors Need To Know About Investing in Duplexes... Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got a quick video on duplexes Duplex Investment vs. House Investment - Which is better, buying a duplex or buying a house? - Are you currently renting a house, living in an apartment, condo, duplex? - How much are you paying in rent? The reason I ask is because duplexes offer great opportunities for first time home-buyer to get involved in real estate, especially if you don't have a lot of money. There are scenarios where you can invest in more expensive duplex, versus a home, and actually pay less on the duplex than the home's mortgage. Pros of Investing in Duplexes - Live in one area and rent out the other(s) - Duplexes are significantly more affordable than single family homes (depending on area) - Usually easier to make the mortgage payment because you are getting more rent per unit vs. a home - Equity appreciation - Rent Increases - Usually have lower insurance cost - Deduct mortgage interest and taxes from income tax liability - Additional Tax benefits - insurance on rental side, depreciation of half the cost of the building - Feel of a home, bigger than an apartment - Owner occupants - able to keep a close eye on your investment - Back-up - Rent to family or relatives - Biggest benefits - use the income and equity to invest in your first residential home Cons of Investing in Duplexes - Owner occupant - sharing the property - Owner occupant - may turn off potential tenants - dont want to live by landlord - Common rental issues - collecting rent, maintenance, etc... - Only the rental side is tax deductible - Odd hour repair requests - friendly neighbor policy - Yard maintenance - Stigma - duplex rentals seem to be less desirable than homes - Type of tenants you acquire may be less desirable - May be Harder to sell Investing in Duplexes for either an owner occupant or an investor will come with some of the same responsibilities as buying a house... yard work, maintenance, and repairs. But it's also a great way to get started as a homeowner and in real estate investing. If your current living situation is in an apartment building, you probably will feel like you're getting MORE privacy by moving into a duplex, while if you're moving from a single family house you may feel that you're giving up more. Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing. http://www.youtube.com/watch?v=3NwzwuEy8HI

Comments

1. Cool video man! I'm 17 and I own a lawn care company. Im hoping by 21 I can buy my first duplex and start real estate investing
2. great video!
3. nice video - i was thinking about buying a duplex to start off in real estate... investments, give me a call if u can i would like to speak with you more about rental property's.. roderick 1-408-625-0489
4. Great explanation. Many were not aware you could write-off half of the cost of the Duplex since that half is an investment or business-related. A $200k duplex is not in the nicer areas of California. Add another $300-$400k
5. what about buying the duplex and renting out both sides?
6. Please ring me reguarding duplex building on 0401473410 mrs Devi thanks
7. perfect!
8. "Dont buy a house with a basement because foundations slip..." Man what is this guy talking about? With this ridiculous list. Perhaps you need to rethink investing into property at all, being that you don't seem to want to lift a finger to rehab, repair leaks or even deal with tenants. Having your tenants show vacant units to clients, are you kidding me!? What planet is this guy on...
9. "Dont buy a house with a basement because foundations slip..." Man what is this guy talking about? With this ridiculous list. Perhaps you need to rethink investing into property at all, being that you don't seem to want to lift a finger to rehab, repair leaks or even deal with tenants. Having your tenants show vacant units to clients, are you kidding me!? What planet is this guy on...
10. great info i am thinking about investing in a single family but now i will do the duplex
11. Nice info,I'm glad you speak rapidly too. I like to get in and out here (ain't got all day) :-) 
12. helpful
13. Honestly it's clear if you're going to buy and hold, use your purchase as a cash cow, rather than a flip... A duplex is way better than a single family home.... triplex and 4 plex would be even better.
    
    If you truly are an investor, you would be looking at return on investments, and a duplex and other multi family houses generally provide you with a higher return on investment.
    
    Expenses are also lower, since a lot of them are shared... example, you have two units, but they share the same roof, means less roof maintenance, etc....  Taxes, and insurance is also lower, on a per unit basis.
    
    All those stigmas described in this video are irrelevant if you are a real investor... it's all about the $$$, not what you or other people think.
14. Awesome information, your video's cover a lot of different investment idea's.
15. thank you, this video is very helpful. ive been thinking about renting a duplex but it seems SOOOO EASY i feel like there must be some kind of a catch....and dude you speak sooooo quickly, please slow down lol
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17. This is exactly how I got my start investing. I lived for free and used savings to buy my next property. I now own 4 units
18. Especially if you live in the second unit this idea works well. Of course you don't have to-but it can be a nice way to pay for your housing expenses.
19. This investment advise is coming at just the right time for me- I will discuss it with the wife.