Just got the call. The usual call about why you would want a $230,000 duplex rather than two $115,000 single family homes. Maybe you would maybe you wouldn’t. Once again;
Single Family Home Advantages
Single family homes appreciate better than duplexes, by in large. They attract a better class of tenant, by in large. And they are more understandable to most people.
Real quick there are two. The first is that if half is empty the other half is still bringing in income. That’s super important for an investment property. The second is that the rents to price ratio is usually a little better in a duplex than a single family home.
There are other subtleties. But those are the big differences. Next we’ll do an analysis of both situations. Stay tuned!