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Becomes a Don't-Plex Many first-time homebuyers consider duplexes because they can rent out one half and put the rental income from the other side toward the mortgage payment. In some cases, the lender may even calculate some of the projected rent into the borrower's qualifying income, thus making him or her eligible for a bigger loan. The duplex can become part of the buyer's investment portfolio. Living in one half of a home makes it easier to handle the responsibilities of being a landlord and also secure the best interest rate - one that is on par with that of a single-family house. However, these properties do cost more than single-family residences. Duplex buyers also must pay for all necessary repairs. Additionally, they might find it difficult to fit maintenance and other tasks associated with rental units into their busy schedules. Difficult tenants and vacancies are other problems duplex buyers may encounter. Get More Home Tips Here>
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