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Updated almost 11 years ago on . Most recent reply

User Stats

18
Posts
6
Votes
Jon Rylander
  • Involved In Real Estate
  • Saint Paul, MN
6
Votes |
18
Posts

living next to your tenents. Good or bad?

Jon Rylander
  • Involved In Real Estate
  • Saint Paul, MN
Posted

i have been looking at some options for moving out of my parents but still being able to make income with real estate. Im thinking of buying a duplex or something since I'm about to be done with my first house flip and will have a good chunk of change to play with. I would like to buy a single family house for myself and still be able to buy another one to rent but I'm not sure if its possible or how it would work but what do you guys think of having a duplex and living in one unit and renting the other one out? is there more issues since the tenant is so close or are there benefits to living next to the tenant

Most Popular Reply

User Stats

350
Posts
138
Votes
Brett Russell
  • Investor
  • Chelsea, MI
138
Votes |
350
Posts
Brett Russell
  • Investor
  • Chelsea, MI
Replied

@Jon Rylander , I think most people would say good AND bad. You can keep a close eye on your rental, probably live (almost) for free on your side if you buy right, but if you don't screen well and set out good ground rules from the start, you might have more headaches from the tenants bothering you about minor stuff "because you're right here."

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