Anyone own a duplex?
 

Thinking about getting into duplexes/triplexes.....

Pain in the ass? Or decent place to invest in?

XPorn

good investment

a friend of mine lives in one. pretty nifty.

Close...3000sf first floor with 30 ft ceilings, and stairs up to 1400sf loft over, both with ocean front view. My little toy.

Ive had duplexes, triplexes and quads. If you get into them try to find some with one bedroom units. People who live alone are alot less likely to annoy their neighbors which will be your biggest headache if you manage the units yourself.

If your tennants are under contract you just tell them to "deal"

I own duplexes, tripexes, fourplexes and fiveplexes.

If the numbers are good, which means better than breaking even every month because of course there will be insurance, maintenance and utilities (if your tenants are not paying for them).

I would go for it, if you need a good mortgage broker in Canada let me know :)

DH

Thanks for the info...

Found a 4 unit single story...small places....for about $300k....so thinking about it...

Thx...
XPorn

I always loved duplex,but never lived in one:)

A friend of mine has a couple. His are in a good area and have decent tenants. He seems very happy with them.

On the other hand my accountant has several of them. Area isn't as nice hence getting good tenants is a pain in the ass. They are always chasing them down for rent. People leave the place trashed in the middle of the night etc.

I have been tossing the idea around myself however I am still on the fence.