Hi, I inherited a 1 family home, where I had been living for more than 10 years, I did not pay rent prior to inheriting, continued to live in after inheriting, no interruption.Got the deed 1.5 years ago after probate procedures , but inherited it 3years ago as a matter of state law the title of the property passes on to the heir upon the descendent’s death.For the last two years it has been owner occupied rental 50% of the property several rooms, it is a small mansion.

So I am searching for financing for a Duplex i am interested in and found Luxury Mortgage.

(being a union ironworker i have the luxury of being able to do this down the road if I choose)I currently have - 4plex that I bought two years ago.

For the record, I'm not a huge fan of generic stats like this because real estate hyper regional and one big overpriced mansion can skew a TON of data...The median house price increased 4.6 percent from one year ago to $264,800 in August.

Perhaps I didn't mention it in the diatribe above but while protection of your current holdings is majorly important, it isn't everything, unless you play the ultra-conservative playstyle.

Now they drive Luxury Cars Like 2- Mercedez S Class, Honda Sedan, And an expensive, modified huge pick up truck.

., and should have 1/4" of gap hidden under the wall trim on both sides.I DO NOT ADVOCATE long term AIRBNB / STR unless you're in a luxury market / major city where you are a hotel equivalent.

However for the ultra conservative investor concerned primarily with the security of owning properties outright actual income is secondary to percieved income.

My experience is in professional property management, at A+/luxury caliber apartment buildings where expectations are high.

The market that is still hot is the luxury and move-up buyer market right in between the $1M and $2.5M range.