Duplex Investing: A Beginner’s Guide
Investing in real estate is a powerful way to build wealth, and for beginners, duplexes present an attractive entry point. Whether you’re looking to supplement your income, diversify your investment portfolio, or embark on a path toward financial independence, duplex investing offers unique benefits. This guide will walk you through the basics, helping you understand why duplexes might be the perfect investment for you. What Is a Duplex? A duplex is a residential building that contains two separate living units, usually side by side or on different floors. Each unit has its own entrance, kitchen, bathroom, and living space. As an investor, you have the option to rent out both units or live in one while renting the other, a strategy known as “house hacking.” Why Invest in a Duplex? Steady Income Stream: Renting out one or both units of a duplex provides a consistent monthly cash flow. Even if you live in one unit, the rental income from the other can offset your mortgage payments, makin...