Buying a Duplex:
There are more buyers than sellers
Buying a duplex in Minneapolis or St. Paul is incredibly difficult because they tend to sell before they’ve even hit the MLS systems. Inventory is an issue when it comes to duplexes, which means that when we’re approached by a seller, they’re in luck to find a buyer.
It’s About Managing Tenants, Buyers, & Sellers Tensions
A critically important factor when purchasing a Duplex or rental property is managing the tensions between sellers, buyers, and tenants. Lease contracts, rental rates, utility agreements, and a number of other factors come into play when an occupied rental changes ownership, and we’re the team to manage the tensions at play in order to maximize value for both the buyer and the seller.
Duplex for Sale Minneapolis – Buying a Duplex
Buying a duplex with an FHA loan is one of the great advantages of buying a Minneapolis Duplex or St. Paul Duplex.
If you’re thinking of buying a duplex in Minneapolis or St. Paul –
Please connect with us so we can walk you through the amazing advantages of Duplex purchasing – such as using an FHA loan, borrowing against the anticipated rent which allows you to leverage a bit more if it’s right for you.
Duplexes can simultaneously fulfill the one year FHA occupation requirements and the landlord experience. Once you’ve lived in an FHA financed duplex for a year, you are legally able to move out and find another renter…. but there are important caveats…..