A “Bank Owned”, Remodeled Duplex in an Area of Single Family Homes with a Country Feel in the middle of Suburbia.
I was in this area on December 4th around the middle of the day previewing this Duplex.
A young lady was holding the property open for the Broker of the company that has this property listed. She told me this would be a perfect place for her to live in one side and rent the other side out because her rent would be really cheap.
I was just curious, because this has been something I have advocated for young first time buyers to do, so I asked her old she was. When she told me she was only 18 years old I was kind of stunned because for someone just hitting adulthood, this was a smart observation on her part.
See What She Means – Check out this spread sheet and you’ll see what she was talking about. Click here to see how low the payment would be if you rented one of these units out. Tell me… Do you think this young woman is thinking smart in the long term…?
I know many First Time Buyers would love to have a nice Single Family Home as their first home, but if they were to think long term, the idea of buying a property like this makes a lot of sense.
To See A Video Walk Through of This Duplex – Click on the Picture above – Let me know what you think…
Make it a great day
Ed Favinger, Broker CRS, GRI, SFR favinger@rwnetwork.com 916-203-1260
Related articles
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- Rent prices continue to soar (lv.com)
- Mortgage famine ruins boon for first-time buyers (mirror.co.uk)
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