">
Welcome or Register
agent photo

2824 Manatee Avenue East

Bradenton, Florida 3420

Office: 941.792.2111

Toll Free: 1.800.522.7869

Fax: 941.747.9632

 

 

Duplex

Buying or Selling your duplex can be a difficult obstacle going in it alone.  Take time to select a Local Real Estate Commercial expert.

The smartest way to invest in residential property and still generate some form of "positive cash flow" is to purchase a duplex, live in one side and rent the other. Many times the rent income coming in from the other side can nearly cover the mortgage payment of the entire property providing nearly free housing to the owner. The renters on the other side are not only paying your mortgage, they are helping you build equity in your property. This equity will also grow over time with appreciation, providing two sources of wealth building: one from cash flow pay-down of the mortgage and the other, property value increase through natural appreciation.

The money you would normally spend on a single family residential mortgage payment (PITI) can be saved, in whole or in part, as a down payment for the next duplex during the time you live in the property.

The name of the game is to buy a duplex, live in half, rent the other half out and save for the next duplex. When you have enough money, move out of the duplex, rent the unit and move into the next duplex and repeat the process by renting the other half out. In this way you would have 3 sources of income working for you: income from unit A and B in the first duplex and income from unit B in the second. Now you have real estate working for you and you are on your way to serious income producing cash flow.

The only downside to the project is you will have to live next to your tenant for a period of time. The upstroke is it gives you a taste of property management without biting off more than you can reasonably chew. Indeed, this very concept is how many real estate millionaires are birthed.

Not many people think about this angle when they are looking for a home and it is worth careful thought and serious consideration. You have two options: The money pit or income producing property.

Ask us anything about Buying or Selling YOUR duplex in the Manatee County area.  It's completely FREE and we will respond quickly in a timely matter.  We want to help you.  That's our GUARANTEE!

 

 






select one






* fields are required

Testimonials

My wife and I would like to take this opportunity to recognize Linda Johnston who is with the office at CENTURY 21 All Aces Realty. We had been trying to sell our house in Palmetto for approximately 2 years. Prior to being introduced to Linda, we had used two other real estate agents who were quite ineffective in getting people to look at the house. As soon as we spoke to Linda, we were impresses with her enthusiasm and determination. She immediately gave us ideas on how to list the house to attract prospective buyers. When one idea didn't work, she was innovative and determined to come up with new ideas. Her personality was refreshing and she was always professional. We felt as though we were her only client, although we knew she had others. It was a pleasure working with her and we would recommend her to any seller or buyer. Craig & Felicia Himes
My experience with CENTURY 21 All Aces Realty was remarkable, but my experience with my Agent, Matthew Rotondo was even better. Matt’s willingness to work with my wife and I was truly amazing. Matt took a true interest in our needs and wants as a young couple. Knowing we did not have the money to buy a home that needed lots of work, Matt made sure to find us a home that was move in ready. When it came time to close on our dream home, the house needed a new roof. Matt came through again, he was able to get us our dream home at price we could afford with a new roof. Matt is just a genuine good guy, I don’t know many agents that would actually come over and help you move and work in the yard. Thanks again Matt for helping my family get the house of their dreams. Richard and Lisa Glass
View All

e-PROGRI - Graduate, REALTOR® InstituteUSAA Real Estate Reward Network Broker

©2015 CENTURY 21 All Aces Realty. CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.