The Two Family

A great idea for building equity in your home is to buy a 2 family or multifamily home and live there. Owner occupied­homes are often in better condition­because the owner lives there.­ It is much easier to maintain the home you live in rather than drive across town for a simple fix job.­ It also allows you the ability to build equity much faster than a single family home.­­Consider this strategy.­ Use a 30 year fixed­mortgage to have a lower monthly payment and put as much as possible of the rental income toward paying down the mortgage.­ Make sure that you can comfortably afford the mortgage without the rental income.­ If you have times of lower income you also have the leverage of a good tenant's rental income to assist you with your mortgage payment.­ Looking for a 5 or 6 bedroom home­ Consider a two family home.

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If you are selling or buying a home call or text me, JEFFREY HORN today at (518)465-8091. I will help you through this sales process. Jeffrey.Horn@ColdwellBankerPrime.com

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Jeffrey Horn

Jeffrey Horn

Licensed Real Estate Salesperson
Contact Me

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