Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Justin Schellenberg

Justin Schellenberg has started 1 posts and replied 4 times.

Post: Purchasing both sides in a split duplex?

Justin SchellenbergPosted
  • Investor
  • Indianapolis, IN
  • Posts 4
  • Votes 1

@ David R.

I have not done any research on what it would take to change a title on a property... If I find something I will post it or if I go through the process I will try to post key steps along the way!  If something does happen with your potential deal... let me know how things work out

On your second thought, I completely understand what both of you are saying!  Both of the view point are heavily threaded like you said... Shawn Holsapple view is definitely discussed in the book Landlording On Autopilot, and I know many people follow that method.  With the duplex my wife and I own, we have always been upfront about being the owners, and we try to just manage their needs/concerns as efficiently and timely as we can!  Best of luck in your investing future!

Post: Purchasing both sides in a split duplex?

Justin SchellenbergPosted
  • Investor
  • Indianapolis, IN
  • Posts 4
  • Votes 1

@Shawn Holsapple

My thought was... locking down a larger duplex situation under a nice interest rate and having to put less of a down payment down, but only living there for maybe two years.  But I do see your point with the frustration of maybe living by tenants.  Also the thought of having to resplit them in the future to sell them does sound like a lot of work!  So far the deal has move forward because the price of one side is to high so the numbers don't make since, but I don't no how much of a motivated buyer I am now anyway seeing the work involve to make it profitable/cash flow!  

Thank you so much for your experiential wisdom. It has made me think through some things differently 

Post: Purchasing both sides in a split duplex?

Justin SchellenbergPosted
  • Investor
  • Indianapolis, IN
  • Posts 4
  • Votes 1

Thanks Joe for the thoughts... sound like I will have to do some research on zoning! 

Post: Purchasing both sides in a split duplex?

Justin SchellenbergPosted
  • Investor
  • Indianapolis, IN
  • Posts 4
  • Votes 1

Hello, I have read and heard... buy a duplex and live for free!  I have found a duplex in the Indianapolis area that would be suitable for my family to live in one side and to rent the other side.  The problem is at some point the duplex was split and is separately owned. Both side want to sell, but I don't want to own two entities I want to own one property with one mortgage and one tax identity!  Does anyone have experience with this problem and is it possible to bring the two sides back together into one recognized property! Thanks!

- Justin