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  #1  
Old 01-28-2007, 05:22 AM
lcsamano
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Default Any tips on purchasing duplexes

I am looking into purchasing a duplex in California. I am very new to investing so I am hoping that someone can give me some tips. I will be using the duplex as rental property. The duplex will have to be fixed up a little bit. Not sure how much it will cost but it is really minor details.
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Old 01-29-2007, 07:15 PM
r8rpwr
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So do you already have a property in mind? Is it going to be entirely an investment property or will you live in one side?
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Old 02-02-2007, 11:00 AM
lcsamano
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Quote:
Originally Posted by r8rpwr
So do you already have a property in mind? Is it going to be entirely an investment property or will you live in one side?



I do have a property in mind. The property will be entirely an investment property.
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Old 02-05-2007, 03:30 PM
r8rpwr
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Well the best advice is to live in one side. That way you can get owner occupied financing which is a much better deal, interest wise.

However, that may not apply to your situation as you mentioned.

If the property has good bones and just needs perhaps some cosmetic work, that is good. Be sure you're well informed on LL-tenant law in that state.
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Old 12-10-2008, 10:20 PM
justin
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Quote:
Originally Posted by r8rpwr
Well the best advice is to live in one side. That way you can get owner occupied financing which is a much better deal, interest wise.

However, that may not apply to your situation as you mentioned.

If the property has good bones and just needs perhaps some cosmetic work, that is good. Be sure you're well informed on LL-tenant law in that state.

Hi Friend ,
I certainly agree with you. Nice information that you have shared with us.
It was really very helpful for me.
Thanks.
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