Yes I have pondered the Full year rental and that would do mortgage and give me a little extra, but thought MTR or STR might do better.

Right now, I’m looking to buy my first duplex, live in one unit, and rent out the other to offset my mortgage.

You can structure it as an LLC or joint venture, which offers clearer tax and liability benefits.Your son doesn’t need to be on the loan or title if he's a silent partner, and you can manage the mortgage, credit, and insurance.

Jeremy Hicks at Guild Mortgage in Central Oregon Hi @Christina Tsutsui-Tharp!

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

Some will offer a HELOC even if they originated your first mortgage. thank you for taking the time to respond, I will look with some credit unions That's a good call.

If you don’t have access to title company services, go to Norwalk recorder’s office and “chain” out the ownership and open mortgages.

Mortgage is 3400 while rent is 3200.

The biggest challenge continues to be affordability, as mortgage rates remain high and inventory remains tight in many regions.The 10-year Treasury yield has risen to 4.64%, which has kept mortgage rates elevated, currently hovering in the 6.5% to 7% range.

He takes the same risk as any landlord out there, since a lot of renters would not qualify for a mortgage and default anyway.