Helpful tips

Can you buy a duplex and live in one unit?

Can you buy a duplex and live in one unit?

Compare top mortgage lenders in your area and find the right fit for you. There are numerous benefits that come with buying a duplex (or any multi-unit property) and living in one of the units, but there are drawbacks, too.

What’s the difference between a duplex and a house?

A duplex is a pair of dwellings on one block of land. What most people actually buy is one half of a duplex. It’s the process of strata titling that allows the two dwellings on the one block to be sold to separate owners.

Who are some people who live in a duplex?

Eric Bowlin from Ideal REI is the perfect example of someone who used a duplex to get started in real estate investing when he may not have been able to otherwise. Bowlin says that when he was working on his Ph.D. in New England, they purchased a multi-unit property to live in with the goal of getting their living expenses covered.

Can a duplex be sold as a body corporate?

What most people actually buy is one half of a duplex. It’s the process of strata titling that allows the two dwellings on the one block to be sold to separate owners. And, that process of strata titling is what creates the body corporate. So, if you bought one half of a pair of duplexes there is most likely a body corporate.

What’s the best way to rent a duplex?

Renting a duplex is a unique experience compared to renting other types of properties. Whether you’re looking for a little more space or privacy, a duplex might just be the perfect rental for you. Good luck finding your dream rental, dear reader, whether it’s a duplex or something else entirely.

Compare top mortgage lenders in your area and find the right fit for you. There are numerous benefits that come with buying a duplex (or any multi-unit property) and living in one of the units, but there are drawbacks, too.

How many floors does a duplex apartment have?

However, in some high-density rental markets, the term duplex apartment refers to an apartment with two floors, and each floor is connected by a staircase or an elevator. How much does it cost to rent a duplex?

Eric Bowlin from Ideal REI is the perfect example of someone who used a duplex to get started in real estate investing when he may not have been able to otherwise. Bowlin says that when he was working on his Ph.D. in New England, they purchased a multi-unit property to live in with the goal of getting their living expenses covered.