A 3 Bedroom 2 Bath Home For Less Than $650 Per Month…?

Yea…. Can You Believe That…?

Here’s the description

This is a 3 Bedroom, 2 Bath with a 2 car garage,  fireplace, Central Heat & Air, updated Bathrooms, a Patio and a Covered Deck in the Backyard.

It’s in a great area and would be the perfect First Time Buyer investment because the payments are lower than what you would pay in rent for the same thing.

There’s Always a catch though,  so here it is…

It’s a duplex which means you will have a common wall with a neighbor on one side.  Yea, I know…  Most First Time Buyers want a “detached”  Single Family House for your first home.

Here’s My Opinion for you to think about as to why you should consider a Duplex.

#1. Remember your neighbor will be paying for a big chunk of the payment on your new home if you bought it.

#2. This would be an Investment as well as Home and there are some real tax benefits to consider.  I won’t go into them here, but your accountant or tax preparer can give you lots of information about this.

#3.  You don’t have to live there forever…!  When you look at that “pro-forma” cash flow sheet below that I have prepared,  you will see that your down payment isn’t all that much more than if you were to rent it.   Why not live there a year or so and then rent the side you moved into.   During that time you would have fixed it up some and it would be a great rental to build a “nest egg” or a real estate portfolio.   How much money would you save each month…?

Click here for a PDF file that will give you an idea of what I am talking about.  Click Here for a Video of the Right Side and then I think you’ll see what a nice home this could turn out to be.

Anyway… If you are a First Time Buyer, give this some thought.   There are several duplexes out there that are in Single Family neighborhoods.
Make it a Great Day…!

Ed Favinger, Broker CRS, GRI, SFR        favinger@rwnetwork.com    916-203-1260

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