Quote:
Originally Posted by will76
I've seen this done more than a few times where the owner/occupant collected enough to cover 2/3 of the expenses (mortgage, insurance, taxes, etc..) , it depends on your market, how much rent is going for, and how good of a deal you got on the double, your interest rate, etc....... All things you can caculate before you buy it. If the deal doesn't look good then you look for a better one.
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In my city, it is not possible to collect 2/3 of the duplex expenses from a tenant rent because rents are very low and they are not really viewed as an income producing property. You are more likely get 1/3 of the expenses paid by the rent and the owner/occupant will have to pay the other 2/3 of it.