Browse the listing inventory of any real estate office and you should expect to see some investment properties listed for sale by a residential real estate agent. If you are interested in purchasing cheap duplexes for living or investing purposes, start your search by checking out duplex property listings. In fact, you will seldom see a For Sale sign on multifamily investment properties. A comparative market analysis allows the analyst to compare the sale prices of recently-sold properties in order to determine what fair market value a similar-type property might be if it were sold today.
Plus, it’s a great way to show your seller how proactive you are about rental property marketing. Searching homes for sale in Halifax, NS has never been more convenient. is a free MLS search to find real estate MLS listings for sale by RealtorsÂ® and other realty professionals that are members of your local MLS Multiple Listing Service.
At the end of the day, a duplex home for sale is a home that is a twin house, meaning that the home in its current state is designed for two different families and has two different entrances (one for each family). If you were to purchase a duplex for sale in Des Moines, Iowa, you know your monthly payments to the bank, but you can also rent out the other half and make you monthly payments from rent.
Simply divide the property’s net operating income by the asking price. In many cases, it is often easier to get a home loan to buy a duplex then it is to buy a single family home because banks count the potential rental income from the second unit as part of the borrower’s income during the loan qualification process.
You need to be aware that there are many great real estate deals out there, however the deeper the discount, the more eyes are on the property. Pick the areas of town that you might want to live in and then search the database for available houses in your price range.